Eurizon Capital SGR S.p.A. Takes Position in Alliant Energy Corporation $LNT

Eurizon Capital SGR S.p.A. purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,401 shares of the company’s stock, valued at approximately $741,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Johnson Investment Counsel Inc. grew its position in Alliant Energy by 2.9% during the third quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock valued at $133,453,000 after acquiring an additional 55,489 shares during the period. Reaves W H & Co. Inc. grew its position in Alliant Energy by 54.3% during the third quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock valued at $119,928,000 after acquiring an additional 626,410 shares during the period. Merit Financial Group LLC grew its position in Alliant Energy by 271.7% during the fourth quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock valued at $2,873,000 after acquiring an additional 32,300 shares during the period. Massachusetts Financial Services Co. MA grew its position in Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after acquiring an additional 167,581 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in Alliant Energy by 5.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock valued at $264,458,000 after acquiring an additional 215,188 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. BMO Capital Markets set a $81.00 price target on Alliant Energy in a research report on Monday, May 4th. Royal Bank Of Canada began coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target for the company. Barclays set a $74.00 target price on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, 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. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Trading Down 0.2%

LNT opened at $70.79 on Thursday. The firm has a market capitalization of $18.28 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.89 and a beta of 0.56. The firm’s 50 day moving average is $72.18 and its 200-day moving average is $69.40. Alliant Energy Corporation has a 52-week low of $59.62 and a 52-week high of $75.76. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last posted 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. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.535 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio is currently 67.08%.

About Alliant Energy

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.