Elevated Capital Advisors LLC Reduces Stock Holdings in Alliant Energy Corporation $LNT

Elevated Capital Advisors LLC lessened its stake in Alliant Energy Corporation (NASDAQ:LNT) by 93.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 821 shares of the company’s stock after selling 11,472 shares during the period. Elevated Capital Advisors LLC’s holdings in Alliant Energy were worth $59,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of Alliant Energy by 103.8% in the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after purchasing an additional 33,978 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after buying an additional 538,603 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Alliant Energy by 18.8% during the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after acquiring an additional 974 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Alliant Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after acquiring an additional 6,269 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 239 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LNT shares. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. Weiss Ratings raised Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, TD Cowen started coverage on shares of Alliant Energy in a research report on Tuesday. They set a “hold” rating and a $83.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $77.18.

Alliant Energy Stock Up 0.9%

Shares of NASDAQ LNT traded up $0.70 during mid-day trading on Friday, reaching $76.40. The company had a trading volume of 1,680,572 shares, compared to its average volume of 2,266,287. The stock has a fifty day moving average of $73.65 and a two-hundred day moving average of $70.90. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 3.12 and a beta of 0.55. Alliant Energy Corporation has a 12-month low of $61.61 and a 12-month high of $78.81.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $1.08 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s 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, equities research analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio is presently 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.