North Dakota State Investment Board Invests $573,000 in Alliant Energy Corporation $LNT

North Dakota State Investment Board bought a new position in Alliant Energy Corporation (NASDAQ:LNT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,809 shares of the company’s stock, valued at approximately $573,000.

A number of other hedge funds have also recently modified their holdings of the stock. Glenmede Investment Management LP boosted its stake in shares of Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares during the last quarter. 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 worth $615,000 after buying an additional 158 shares during the last quarter. 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 worth $229,000 after buying an additional 161 shares during the last quarter. Simplicity Wealth LLC boosted its stake in shares of Alliant Energy by 5.5% in the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after buying an additional 167 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in shares of Alliant Energy by 4.7% in the third quarter. Rehmann Capital Advisory Group now owns 4,316 shares of the company’s stock worth $291,000 after buying an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ LNT opened at $73.28 on Friday. The company has a market cap of $18.93 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 2.96 and a beta of 0.58. The stock’s 50 day simple moving average is $72.01 and its 200-day simple moving average is $69.07. Alliant Energy Corporation has a 1-year low of $59.62 and a 1-year high of $75.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of recent research reports. Barclays set a $74.00 target price on Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Mizuho set a $76.00 price target on Alliant Energy in a research report on Monday, May 4th. Royal Bank Of Canada started coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Scotiabank reiterated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus 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.