United Capital Financial Advisors LLC Makes New $6.78 Million Investment in Alliant Energy Corporation $LNT

United Capital Financial Advisors LLC acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 88,831 shares of the company’s stock, valued at approximately $6,777,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cedar Mountain Advisors LLC bought a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $26,000. Clearstead Trust LLC bought a new stake in Alliant Energy in the second quarter worth $27,000. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy in the third quarter worth $27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Alliant Energy during the second quarter worth $32,000. Finally, Fortress Financial Group LLC purchased a new position in Alliant Energy during the second quarter worth $2,063,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

LNT stock opened at $68.21 on Friday. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.56 and a beta of 0.55. The business’s fifty day simple moving average is $72.96 and its two-hundred day simple moving average is $72.23. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41.

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

Alliant Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LNT shares. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. BMO Capital Markets cut 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, August 3rd. Mizuho reduced their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, 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 note on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.