577,357 Shares in Alliant Energy Corporation $LNT Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 577,357 shares of the company’s stock, valued at approximately $37,534,000. ExodusPoint Capital Management LP owned about 0.22% of Alliant Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Merit Financial Group LLC raised its holdings in shares of Alliant Energy by 271.7% in the 4th quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock worth $2,873,000 after purchasing an additional 32,300 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Alliant Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after purchasing an additional 167,581 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after purchasing an additional 215,188 shares during the period. Vanguard Group Inc. raised its holdings in shares of Alliant Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after purchasing an additional 383,612 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Alliant Energy by 12.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 675,388 shares of the company’s stock worth $45,528,000 after purchasing an additional 74,086 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

NASDAQ LNT opened at $73.84 on Wednesday. The company’s 50 day moving average is $72.45 and its 200-day moving average is $69.69. Alliant Energy Corporation has a 12-month low of $59.62 and a 12-month 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. The firm has a market cap of $19.07 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LNT shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Mizuho set a $76.00 price target on shares of Alliant Energy in a report on Monday, May 4th. Royal Bank Of Canada started coverage on shares of Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Finally, Barclays set a $74.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.