Dockside LLC Buys New Stake in Alliant Energy Corporation $LNT

Dockside LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 32,318 shares of the company’s stock, valued at approximately $2,101,000.

A number of other large investors also recently made changes to their positions in LNT. Brasada Capital Management LP purchased a new position in shares of Alliant Energy in the 4th quarter worth $5,195,000. Ames National Corp raised its position in shares of Alliant Energy by 423.2% in the 4th quarter. Ames National Corp now owns 22,418 shares of the company’s stock worth $1,457,000 after buying an additional 18,133 shares during the period. Arete Wealth Advisors LLC purchased a new position in shares of Alliant Energy in the 4th quarter worth $235,000. Kestra Advisory Services LLC raised its position in shares of Alliant Energy by 207.0% in the 4th quarter. Kestra Advisory Services LLC now owns 45,979 shares of the company’s stock worth $2,989,000 after buying an additional 31,000 shares during the period. Finally, Transamerica Financial Advisors LLC raised its position in shares of Alliant Energy by 126.8% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,057 shares of the company’s stock worth $69,000 after buying an additional 591 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on LNT shares. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Mizuho set a $76.00 price target on Alliant Energy in a report on Monday, May 4th. Barclays set a $74.00 price target on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Royal Bank Of Canada began coverage on Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Alliant Energy has a consensus rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Stock Up 0.7%

Shares of Alliant Energy stock opened at $73.11 on Friday. The business has a 50-day moving average of $72.42 and a 200-day moving average of $69.62. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The company has a market capitalization of $18.88 billion, a PE ratio of 22.92, a P/E/G ratio of 2.98 and a beta of 0.56. Alliant Energy Corporation has a 1-year low of $59.62 and a 1-year high of $75.76.

Alliant Energy (NASDAQ:LNT) last announced 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 company had revenue of $1.18 billion during 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 company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

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