34,668 Shares in Alliant Energy Corporation $LNT Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,668 shares of the company’s stock, valued at approximately $2,645,000.

Several other hedge funds have also modified their holdings of LNT. AQR Capital Management LLC raised its holdings in Alliant Energy by 103.8% during the 1st quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after buying an additional 33,978 shares during the period. Goldman Sachs Group Inc. lifted its stake in Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after buying an additional 538,603 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Alliant Energy by 18.8% in the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock worth $397,000 after buying an additional 974 shares during the period. Woodline Partners LP boosted its holdings in shares of Alliant Energy by 40.7% in the first quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after buying an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Alliant Energy by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 239 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $68.03 on Friday. 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 Corporation has a one year low of $63.28 and a one year high of $78.81. The business’s 50-day moving average price is $72.87 and its two-hundred day moving average price is $72.21. The company has a market capitalization of $17.64 billion, a P/E ratio of 21.53, a price-to-earnings-growth ratio of 2.53 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $971.00 million during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

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

Wall Street Analyst Weigh In

LNT has been the subject of several research analyst reports. Scotiabank restated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of Alliant Energy in a research report on Thursday. 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 lowered Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Finally, BMO Capital Markets lowered their price target on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

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.