Brasada Capital Management LP Makes New $5.20 Million Investment in Alliant Energy Corporation $LNT

Brasada Capital Management LP bought a new position in Alliant Energy Corporation (NASDAQ:LNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 79,208 shares of the company’s stock, valued at approximately $5,195,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Alliant Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after buying an additional 383,612 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Alliant Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after buying an additional 167,581 shares during the last quarter. Geode Capital Management LLC raised its position in Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after buying an additional 128,998 shares during the last quarter. Pictet Asset Management Holding SA raised its position in Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after buying an additional 215,188 shares during the last quarter. Finally, Cohen & Steers Inc. raised its position in Alliant Energy by 41.7% in the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after buying an additional 1,063,268 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LNT shares. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. BMO Capital Markets set a $81.00 target price on Alliant Energy in a research report on Monday, May 4th. Scotiabank restated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Royal Bank Of Canada assumed coverage on Alliant Energy in a research note on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target for the company. Finally, Mizuho set a $76.00 price target on Alliant Energy in a research note on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Trading Up 0.7%

Alliant Energy stock opened at $73.11 on Friday. The business has a 50-day simple moving average of $72.42 and a two-hundred day simple moving average of $69.62. The company has a market cap of $18.88 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.98 and a beta of 0.56. Alliant Energy Corporation has a 52-week low of $59.62 and a 52-week high of $75.76. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The business 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 business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors 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 dividend on an annualized basis and a dividend yield of 2.9%. Alliant Energy’s payout ratio is 67.08%.

Alliant Energy 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.