BI Asset Management Fondsmaeglerselskab A S Has $7.87 Million Stake in Alliant Energy Corporation $LNT

BI Asset Management Fondsmaeglerselskab A S raised its stake in Alliant Energy Corporation (NASDAQ:LNT) by 797.9% in the first quarter, Holdings Channel reports. The fund owned 109,696 shares of the company’s stock after purchasing an additional 97,479 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Alliant Energy were worth $7,872,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Alliant Energy during the 3rd quarter valued at approximately $27,000. MRP Capital Investments LLC bought a new stake in shares of Alliant Energy during the third quarter worth $35,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Alliant Energy by 235.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after buying an additional 445 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Alliant Energy during the second quarter worth $46,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Alliant Energy during the fourth quarter worth $51,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reissued an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research note on Tuesday, April 21st. Barclays set a $74.00 price target on shares of Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Scotiabank reiterated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a research report on Monday, May 4th. Finally, Royal Bank Of Canada started coverage on Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Stock Down 0.0%

Shares of NASDAQ LNT opened at $72.97 on Monday. The firm has a market cap of $18.85 billion, a PE ratio of 22.87, a P/E/G ratio of 2.98 and a beta of 0.56. Alliant Energy Corporation has a 12-month low of $59.82 and a 12-month high of $75.76. The company’s fifty day simple moving average is $72.46 and its 200 day simple moving average is $69.78. 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 results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the company posted $0.83 earnings per share. The business’s quarterly 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, sell-side analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.535 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) is currently 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.