Hsbc Holdings PLC Acquires New Stake in Alliant Energy Corporation $LNT

Hsbc Holdings PLC bought a new position in Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, HoldingsChannel.com reports. The firm bought 457,996 shares of the company’s stock, valued at approximately $34,998,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after purchasing an additional 7,460,117 shares in the last quarter. Magellan Asset Management Ltd acquired a new position in shares of Alliant Energy during the second quarter worth about $151,629,000. Legal & General Group Plc bought a new position in shares of Alliant Energy during the second quarter worth about $143,968,000. Balyasny Asset Management L.P. bought a new position in shares of Alliant Energy during the second quarter worth about $82,265,000. Finally, Reaves W H & Co. Inc. raised its position in Alliant Energy by 71.8% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after buying an additional 1,278,166 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

NASDAQ:LNT opened at $68.21 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 market cap of $17.69 billion, a P/E ratio of 21.59, a P/E/G ratio of 2.56 and a beta of 0.55. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The stock’s 50-day simple moving average is $72.96 and its 200 day simple moving average is $72.23.

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

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Mizuho cut their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price target on shares of Alliant Energy in a research note on Thursday. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Scotiabank reissued a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, BMO Capital Markets reduced their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Alliant Energy has an average rating of “Moderate Buy” and a consensus price target of $77.00.

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.