Alliant Energy Corporation $LNT Shares Bought by CIBC Asset Management Inc

CIBC Asset Management Inc grew its position in Alliant Energy Corporation (NASDAQ:LNT) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 232,310 shares of the company’s stock after acquiring an additional 24,246 shares during the quarter. CIBC Asset Management Inc owned approximately 0.09% of Alliant Energy worth $15,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LNT. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy in the third quarter worth $27,000. MRP Capital Investments LLC acquired a new stake in shares of Alliant Energy during the third quarter worth $35,000. Hantz Financial Services Inc. raised its holdings in shares of Alliant Energy by 256.7% during the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after purchasing an additional 403 shares during the period. Sentry Investment Management LLC bought a new position in shares of Alliant Energy in the 3rd quarter worth about $44,000. Finally, MUFG Securities EMEA plc bought a new position in shares of Alliant Energy in the 2nd quarter worth about $46,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Up 0.9%

LNT stock opened at $71.39 on Friday. The stock has a market cap of $18.44 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. The firm’s 50-day simple moving average is $72.22 and its 200 day simple moving average is $69.43. Alliant Energy Corporation has a fifty-two week low of $59.62 and a fifty-two 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 earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The firm had revenue of $1.18 billion during 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%. Alliant Energy’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LNT. Wells Fargo & Company reaffirmed an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research report on Tuesday, April 21st. Mizuho set a $76.00 target price on shares of Alliant Energy in a report on Monday, May 4th. BMO Capital Markets set a $81.00 target price on Alliant Energy in a report on Monday, May 4th. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada initiated coverage on Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

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.