North Dakota State Investment Board Invests $573,000 in Alliant Energy Corporation $LNT

North Dakota State Investment Board purchased a new position in Alliant Energy Corporation (NASDAQ:LNT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,809 shares of the company’s stock, valued at approximately $573,000.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after buying an additional 383,612 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Alliant Energy by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after buying an additional 167,581 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Alliant Energy by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock valued at $264,458,000 after buying an additional 215,188 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in Alliant Energy by 2.9% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock valued at $133,453,000 after buying an additional 55,489 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Alliant Energy by 92.5% during the 4th quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after buying an additional 867,256 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Up 1.1%

Alliant Energy stock opened at $73.28 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. The business’s 50-day simple moving average is $72.01 and its two-hundred day simple moving average is $69.07. The company has a market cap of $18.93 billion, a PE ratio of 22.97, a PEG ratio of 2.96 and a beta of 0.58. Alliant Energy Corporation has a fifty-two week low of $59.62 and a fifty-two week high of $75.76.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s payout ratio is presently 67.08%.

Wall Street Analysts Forecast Growth

LNT has been the topic of several recent analyst reports. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. Barclays set a $74.00 target price on Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, BMO Capital Markets set a $81.00 target price on Alliant Energy in a research report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.60.

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.