Mitsubishi UFJ Asset Management Co. Ltd. Purchases 13,185 Shares of Alliant Energy Corporation $LNT

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 541,724 shares of the company’s stock after purchasing an additional 13,185 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Alliant Energy were worth $35,532,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Alliant Energy by 3.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 37,957 shares of the company’s stock worth $2,468,000 after acquiring an additional 1,179 shares during the last quarter. Truist Financial Corp increased its stake in Alliant Energy by 1.4% during the fourth quarter. Truist Financial Corp now owns 30,717 shares of the company’s stock worth $1,997,000 after acquiring an additional 437 shares during the last quarter. RIA Advisory Group LLC increased its stake in Alliant Energy by 289.1% during the fourth quarter. RIA Advisory Group LLC now owns 16,933 shares of the company’s stock worth $1,101,000 after acquiring an additional 12,581 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Alliant Energy by 2.7% during the fourth quarter. Fifth Third Bancorp now owns 41,395 shares of the company’s stock valued at $2,691,000 after buying an additional 1,087 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Alliant Energy by 92.5% in the fourth quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock worth $117,357,000 after buying an additional 867,256 shares during the period. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Up 0.1%

Alliant Energy stock opened at $71.76 on Friday. The business has a fifty day moving average of $71.89 and a two-hundred day moving average of $68.79. The company has a quick ratio of 0.66, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The firm has a market cap of $18.53 billion, a P/E ratio of 22.50, a P/E/G ratio of 2.93 and a beta of 0.58. Alliant Energy Corporation has a twelve month low of $58.97 and a twelve month high of $75.76.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, analysts forecast that Alliant Energy Corporation will post 3.42 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Thursday, April 30th. Alliant Energy’s dividend payout ratio is currently 67.08%.

Analyst Ratings Changes

Several research analysts have commented on LNT shares. Wells Fargo & Company restated an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday. Barclays set a $74.00 price objective on Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. Finally, Royal Bank Of Canada began coverage on Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Profile

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.