Bahl & Gaynor Inc. Raises Stock Holdings in Alliant Energy Corporation $LNT

Bahl & Gaynor Inc. increased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 12.3% in the third quarter, Holdings Channel.com reports. The fund owned 675,388 shares of the company’s stock after buying an additional 74,086 shares during the quarter. Bahl & Gaynor Inc.’s holdings in Alliant Energy were worth $45,528,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC boosted its stake in shares of Alliant Energy by 103.8% during the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock valued at $4,292,000 after purchasing an additional 33,978 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Alliant Energy by 98.7% during the 1st 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 position in Alliant Energy by 18.8% in the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after buying an additional 974 shares during the period. Woodline Partners LP boosted its position in Alliant Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after buying an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Alliant Energy by 23.5% in the 1st 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. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 1.2%

LNT opened at $72.34 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.96 and a beta of 0.66. Alliant Energy Corporation has a 12 month low of $57.09 and a 12 month high of $72.40. The stock has a fifty day moving average price of $67.33 and a 200-day moving average price of $66.76.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $673.11 million. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 30th were paid a dividend of $0.535 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 30th. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.94%.

Analyst Upgrades and Downgrades

LNT has been the subject of a number of research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. Mizuho set a $73.00 price target on Alliant Energy in a research report on Monday, February 23rd. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Monday, December 1st. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.50.

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.