MQS Management LLC Takes $694,000 Position in Alliant Energy Corporation $LNT

MQS Management LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,678 shares of the company’s stock, valued at approximately $694,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Glenmede Investment Management LP raised its stake in shares of Alliant Energy by 0.7% during the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after purchasing an additional 153 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Alliant Energy by 1.8% in the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after purchasing an additional 158 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of Alliant Energy by 4.8% in the fourth quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock valued at $229,000 after purchasing an additional 161 shares during the period. Simplicity Wealth LLC grew its holdings in Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after purchasing an additional 167 shares in the last quarter. Finally, Empowered Funds LLC increased its stake in Alliant Energy by 3.0% during the 4th quarter. Empowered Funds LLC now owns 6,443 shares of the company’s stock worth $419,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 1.2%

Shares of Alliant Energy stock opened at $76.29 on Wednesday. The business has a 50-day moving average price of $72.88 and a 200 day moving average price of $70.29. Alliant Energy Corporation has a fifty-two week low of $59.98 and a fifty-two week high of $77.36. The firm has a market cap of $19.70 billion, a P/E ratio of 23.92, a P/E/G ratio of 3.15 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business posted $0.83 EPS. Alliant Energy’s quarterly revenue 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, sell-side analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s payout ratio is currently 67.08%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LNT. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. 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. BMO Capital Markets set a $81.00 target price on Alliant Energy in a research report on Monday, May 4th. Scotiabank reiterated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target for the company. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Alliant Energy has a consensus rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Company 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.