Freestone Grove Partners LP Makes New Investment in Alliant Energy Corporation $LNT

Freestone Grove Partners LP acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,987 shares of the company’s stock, valued at approximately $2,211,000.

A number of other institutional investors have also recently made changes to their positions in the business. Janus Henderson Group PLC boosted its position in Alliant Energy by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after buying an additional 138,683 shares during the period. Jupiter Topco LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at $837,468,000. Price T Rowe Associates Inc. MD grew its stake in Alliant Energy by 799.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after purchasing an additional 7,460,117 shares in the last quarter. Geode Capital Management LLC grew its stake in Alliant Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after purchasing an additional 128,998 shares in the last quarter. Finally, Cohen & Steers Inc. increased its holdings in Alliant Energy by 41.7% during the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after purchasing an additional 1,063,268 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the subject of several recent research reports. BMO Capital Markets decreased their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Mizuho cut their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Scotiabank reiterated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price target on shares of Alliant Energy in a report on Thursday. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Stock Down 0.3%

Shares of NASDAQ LNT opened at $68.03 on Friday. The business has a 50-day moving average of $72.87 and a two-hundred day moving average of $72.21. The company has a market capitalization of $17.64 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 2.53 and a beta of 0.55. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35.

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

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, July 31st. Alliant Energy’s dividend payout ratio is currently 67.72%.

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.