Alliant Energy Corporation $LNT Holdings Increased by Aventail Capital Group LP

Aventail Capital Group LP grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 79.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 440,362 shares of the company’s stock after buying an additional 195,637 shares during the quarter. Alliant Energy comprises 1.6% of Aventail Capital Group LP’s holdings, making the stock its 18th biggest position. Aventail Capital Group LP’s holdings in Alliant Energy were worth $28,628,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Alliant Energy during the 3rd quarter worth about $27,000. MRP Capital Investments LLC bought a new stake in shares of Alliant Energy in the 3rd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Alliant Energy in the 2nd quarter worth approximately $46,000. Finally, Quantbot Technologies LP bought a new stake in shares of Alliant Energy in the 3rd quarter worth approximately $54,000. 79.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of research reports. Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price on the stock. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. BMO Capital Markets set a $81.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a report on Tuesday, April 21st. Finally, 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. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Stock Performance

Shares of LNT opened at $72.82 on Thursday. The company’s 50 day moving average price is $72.46 and its 200 day moving average price is $69.72. Alliant Energy Corporation has a 52 week low of $59.82 and a 52 week high of $75.76. The company has a market capitalization of $18.81 billion, a PE ratio of 22.83, a PEG ratio of 3.01 and a beta of 0.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69.

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

Alliant Energy Announces Dividend

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

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.