Wealthfront Advisers LLC Invests $10.35 Million in Alliant Energy Corporation $LNT

Wealthfront Advisers LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 135,695 shares of the company’s stock, valued at approximately $10,352,000. Wealthfront Advisers LLC owned 0.05% of Alliant Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Delta Global Management LP purchased a new stake in shares of Alliant Energy during the first quarter worth $2,512,000. Vanguard Group Inc. grew its stake in Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after purchasing an additional 383,612 shares in the last quarter. Pictet Asset Management Holding SA increased 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 purchasing an additional 215,188 shares during the last quarter. Nicholas Company Inc. acquired a new position in Alliant Energy in the 4th quarter worth about $5,736,000. Finally, Reaves W H & Co. Inc. raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

NASDAQ LNT opened at $70.15 on Thursday. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The stock’s 50-day moving average is $73.52 and its two-hundred day moving average is $72.14. The firm has a market cap of $18.19 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.60 and a beta of 0.55. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35.

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

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend 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 is presently 67.72%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LNT. TD Cowen started coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. BMO Capital Markets dropped their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Mizuho cut 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. Scotiabank reiterated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

Alliant Energy Company 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.