Equitable Holdings Inc. Takes $1.03 Million Position in Alliant Energy Corporation $LNT

Equitable Holdings Inc. bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 13,454 shares of the company’s stock, valued at approximately $1,026,000.

Several other institutional investors have also modified their holdings of LNT. Delta Global Management LP acquired a new stake in shares of Alliant Energy in the 1st quarter valued at $2,512,000. The Manufacturers Life Insurance Company acquired a new position in shares of Alliant Energy during the 2nd quarter worth $47,562,000. Nicholas Company Inc. bought a new stake in shares of Alliant Energy during the 4th quarter worth $5,736,000. Reaves W H & Co. Inc. lifted its position in shares of Alliant Energy by 71.8% during the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after buying an additional 1,278,166 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in Alliant Energy in the first quarter valued at about $2,102,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of LNT opened at $68.03 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The stock has a market cap of $17.64 billion, a PE ratio of 21.53, a PEG ratio of 2.53 and a beta of 0.55. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81. The business has a 50-day simple moving average of $72.87 and a two-hundred day simple moving average of $72.21.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were given a dividend of $0.535 per share. The ex-dividend date was Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.72%.

Analyst Ratings Changes

A number of research analysts have issued reports on LNT shares. TD Cowen assumed coverage on Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. Jefferies Financial Group restated a “buy” rating and issued a $80.00 price target on shares of Alliant Energy in a research note on Thursday. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, Scotiabank reissued a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $77.00.

About Alliant Energy

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.