Royal Bank of Canada Grows Stock Holdings in Alliant Energy Corporation $LNT

Royal Bank of Canada lifted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 4.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 475,062 shares of the company’s stock after acquiring an additional 20,201 shares during the quarter. Royal Bank of Canada’s holdings in Alliant Energy were worth $34,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LNT. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd grew its position in Alliant Energy by 235.4% during 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 during the period. MUFG Securities EMEA plc purchased a new position in shares of Alliant Energy during the 2nd quarter valued at about $46,000. Fideuram Asset Management Ireland dac acquired a new position in shares of Alliant Energy in the 4th quarter valued at about $51,000. Finally, Quantbot Technologies LP acquired a new position in shares of Alliant Energy in the 3rd quarter valued at about $54,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.7%

Shares of Alliant Energy stock opened at $71.27 on Tuesday. The stock has a 50 day moving average of $74.04 and a 200 day moving average of $71.90. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.53 and a current ratio of 0.47. The firm has a market capitalization of $18.41 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.63 and a beta of 0.55. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81.

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

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 31st. Alliant Energy’s payout ratio is 67.72%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Mizuho reduced their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets lowered their price target on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday. Finally, TD Cowen began coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

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.