Segall Bryant & Hamill LLC Buys New Position in Alliant Energy Corporation $LNT

Segall Bryant & Hamill LLC bought a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,686 shares of the company’s stock, valued at approximately $2,102,000.

Several other hedge funds also recently modified their holdings of LNT. AQR Capital Management LLC raised its position in shares of Alliant Energy by 103.8% in the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock valued at $4,292,000 after buying an additional 33,978 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after acquiring an additional 538,603 shares during the last quarter. Empowered Funds LLC grew its stake in Alliant Energy by 18.8% in the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock worth $397,000 after acquiring an additional 974 shares during the period. Woodline Partners LP raised its holdings in Alliant Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after acquiring an additional 6,269 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock valued at $81,000 after acquiring an additional 239 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on LNT. Mizuho reduced their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets dropped their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, TD Cowen initiated coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Alliant Energy has a consensus rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $70.66 on Wednesday. The company has a market cap of $18.32 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.65 and a beta of 0.55. The firm’s 50 day moving average is $73.97 and its two-hundred day moving average is $71.93. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The company has a quick ratio of 0.53, a current ratio of 0.47 and a debt-to-equity ratio of 1.41.

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

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s payout ratio is 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.