Allstate Corp Grows Position in Alliant Energy Corporation $LNT

Allstate Corp lifted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 86.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,648 shares of the company’s stock after buying an additional 8,175 shares during the quarter. Allstate Corp’s holdings in Alliant Energy were worth $1,147,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LNT. Vanguard Group Inc. boosted its holdings in Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after purchasing an additional 383,612 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Alliant Energy by 2.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after buying an additional 167,581 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Alliant Energy by 5.6% in the fourth 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. Johnson Investment Counsel Inc. increased its stake in Alliant Energy by 2.9% during the third quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock valued at $133,453,000 after acquiring an additional 55,489 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Alliant Energy by 92.5% in the 4th quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock worth $117,357,000 after acquiring an additional 867,256 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

LNT opened at $71.61 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The company has a 50 day simple moving average of $72.14 and a two-hundred day simple moving average of $69.33. Alliant Energy Corporation has a 1-year low of $59.62 and a 1-year high of $75.76. The firm has a market cap of $18.50 billion, a P/E ratio of 22.45, a PEG ratio of 2.94 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. Alliant Energy’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors 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 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

Wall Street Analysts Forecast Growth

LNT has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Tuesday, April 21st. Barclays set a $74.00 target price 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 target price on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus 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.