37,279 Shares in Alliant Energy Corporation $LNT Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new position in Alliant Energy Corporation (NASDAQ:LNT) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 37,279 shares of the company’s stock, valued at approximately $2,675,000.

Other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Alliant Energy in the 2nd quarter worth about $46,000. Fideuram Asset Management Ireland dac purchased a new position in shares of Alliant Energy in the 4th quarter worth about $51,000. Finally, Quantbot Technologies LP purchased a new position in shares of Alliant Energy in the 3rd quarter worth about $54,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT stock opened at $74.94 on Monday. The firm’s 50 day moving average is $74.16 and its 200 day moving average is $71.61. The stock has a market capitalization of $19.36 billion, a P/E ratio of 23.49, a PEG ratio of 2.78 and a beta of 0.55. Alliant Energy Corporation has a 12 month low of $63.28 and a 12 month high of $78.81. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share 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 business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $0.83 EPS. Alliant Energy’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. On average, sell-side analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 67.08%.

Wall Street Analyst Weigh In

LNT has been the subject of a number of recent research reports. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. BMO Capital Markets dropped their price target on Alliant Energy from $83.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 22nd. Wall Street Zen cut Alliant Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Barclays set a $74.00 price target on Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and an average price target of $77.09.

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.