Wealthfront Advisers LLC Boosts Position in Alliant Energy Corporation $LNT

Wealthfront Advisers LLC raised its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,161 shares of the company’s stock after acquiring an additional 7,836 shares during the period. Wealthfront Advisers LLC’s holdings in Alliant Energy were worth $7,331,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after purchasing an additional 7,460,117 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Alliant Energy in the second quarter valued at $82,265,000. Reaves W H & Co. Inc. grew its position in Alliant Energy by 71.8% during the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after purchasing an additional 1,278,166 shares during the period. Cohen & Steers Inc. grew its position in Alliant Energy by 41.7% during the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after purchasing an additional 1,063,268 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Alliant Energy by 92.5% during the 4th quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after buying an additional 867,256 shares during the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LNT has been the subject of several analyst reports. Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. BMO Capital Markets reaffirmed an “outperform” rating and set a $83.00 target price (up from $81.00) on shares of Alliant Energy in a report on Wednesday. Mizuho set a $76.00 price target on Alliant Energy in a research report on Monday, May 4th. Wall Street Zen downgraded Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, Weiss Ratings upgraded Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and an average target price of $77.36.

Alliant Energy Price Performance

NASDAQ:LNT opened at $74.82 on Friday. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The stock has a market capitalization of $19.32 billion, a PE ratio of 23.45, a price-to-earnings-growth ratio of 3.05 and a beta of 0.55. The stock’s 50-day moving average price is $73.96 and its 200-day moving average price is $71.26.

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

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be given a dividend of $0.535 per share. The ex-dividend date is Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) 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.