AlphaQuest LLC Raises Stake in Alliant Energy Corporation $LNT

AlphaQuest LLC boosted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 168.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,354 shares of the company’s stock after purchasing an additional 32,860 shares during the quarter. AlphaQuest LLC’s holdings in Alliant Energy were worth $3,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Glenmede Investment Management LP increased its position in shares of Alliant Energy by 0.7% during the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after buying an additional 153 shares during the period. Quadrant Capital Group LLC grew its stake in Alliant Energy by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after acquiring an additional 158 shares in the last quarter. Apollon Wealth Management LLC increased its holdings in Alliant Energy by 4.8% during the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after acquiring an additional 161 shares during the period. Simplicity Wealth LLC increased its holdings in Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after acquiring an additional 167 shares during the period. Finally, Rehmann Capital Advisory Group lifted its stake in Alliant Energy by 4.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 4,316 shares of the company’s stock worth $291,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LNT. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. BMO Capital Markets set a $81.00 price target on shares of Alliant Energy in a report on Monday, May 4th. Mizuho set a $76.00 price objective on Alliant Energy in a research report on Monday, May 4th. Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada started coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Stock Performance

LNT stock opened at $73.95 on Tuesday. The company has a market capitalization of $19.10 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 3.02 and a beta of 0.58. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. Alliant Energy Corporation has a one year low of $59.62 and a one year high of $75.76. The company’s 50 day moving average price is $72.12 and its two-hundred day moving average price is $69.18.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given 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 dividend payout ratio is presently 67.08%.

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.