Saudi Central Bank Increases Stock Position in Alliant Energy Corporation $LNT

Saudi Central Bank lifted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 90.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,080 shares of the company’s stock after acquiring an additional 8,592 shares during the quarter. Saudi Central Bank’s holdings in Alliant Energy were worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in LNT. Delta Global Management LP purchased a new position in shares of Alliant Energy in the 1st quarter worth $2,512,000. The Manufacturers Life Insurance Company purchased a new stake in Alliant Energy during the second quarter valued at $47,562,000. Reaves W H & Co. Inc. lifted its holdings in Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after acquiring an additional 1,278,166 shares during the period. Segall Bryant & Hamill LLC bought a new position in Alliant Energy in the first quarter valued at about $2,102,000. Finally, Assenagon Asset Management S.A. boosted its position in Alliant Energy by 339.9% in the second quarter. Assenagon Asset Management S.A. now owns 93,380 shares of the company’s stock worth $7,124,000 after purchasing an additional 72,151 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

LNT stock opened at $68.61 on Wednesday. The company has a market capitalization of $17.79 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.86 and a beta of 0.54. The company’s fifty day moving average price is $71.78 and its 200-day moving average price is $72.15. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47.

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

Alliant Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LNT shares. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. BMO Capital Markets reduced 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 decreased their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Jefferies Financial Group restated a “buy” rating and issued a $80.00 price target on shares of Alliant Energy in a research report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average 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.