IFM Investors Pty Ltd Acquires 7,468 Shares of Alliant Energy Corporation $LNT

IFM Investors Pty Ltd increased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 12.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,336 shares of the company’s stock after purchasing an additional 7,468 shares during the quarter. IFM Investors Pty Ltd’s holdings in Alliant Energy were worth $4,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. Ellenbecker Investment Group lifted its holdings in Alliant Energy by 22.2% in the 1st quarter. Ellenbecker Investment Group now owns 10,710 shares of the company’s stock worth $769,000 after purchasing an additional 1,946 shares in the last quarter. MQS Management LLC bought a new stake in shares of Alliant Energy during the first quarter valued at approximately $694,000. Apollon Wealth Management LLC raised its position in shares of Alliant Energy by 26.4% during the first quarter. Apollon Wealth Management LLC now owns 4,447 shares of the company’s stock valued at $319,000 after buying an additional 930 shares during the last quarter. Patton Fund Management Inc. lifted its holdings in shares of Alliant Energy by 41.2% in the first quarter. Patton Fund Management Inc. now owns 4,884 shares of the company’s stock worth $350,000 after buying an additional 1,425 shares in the last quarter. Finally, BKM Wealth Management LLC lifted its holdings in shares of Alliant Energy by 6.6% in the first quarter. BKM Wealth Management LLC now owns 4,091 shares of the company’s stock worth $294,000 after buying an additional 253 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

LNT has been the subject of several research analyst reports. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company reissued an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Finally, BMO Capital Markets set a $81.00 target price on Alliant Energy in a report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Price Performance

LNT stock opened at $78.03 on Friday. Alliant Energy Corporation has a 52 week low of $60.72 and a 52 week high of $78.21. The firm has a market capitalization of $20.15 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.55. The company has a fifty day simple moving average of $73.23 and a two-hundred day simple moving average of $70.50. 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 announced its 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 firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company earned $0.83 EPS. The business’s 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. Analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) 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.