Brandywine Global Investment Management LLC Takes Position in Alliant Energy Corporation $LNT

Brandywine Global Investment Management LLC bought a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 57,239 shares of the company’s stock, valued at approximately $3,721,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after buying an additional 383,612 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Alliant Energy by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after buying an additional 167,581 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Alliant Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after buying an additional 128,998 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of Alliant Energy by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock valued at $264,458,000 after buying an additional 215,188 shares in the last quarter. Finally, Reaves W H & Co. Inc. raised its position in shares of Alliant Energy by 71.8% during the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after buying an additional 1,278,166 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. BMO Capital Markets set a $81.00 target price on shares of Alliant Energy in a research report on Monday, May 4th. Scotiabank reissued a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Mizuho set a $76.00 price objective on shares of Alliant Energy in a research report on Monday, May 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada began coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Alliant Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Stock Performance

Alliant Energy stock opened at $73.00 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. Alliant Energy Corporation has a 1-year low of $59.62 and a 1-year high of $75.76. The firm has a market capitalization of $18.85 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.95 and a beta of 0.56. The company’s 50-day moving average is $72.38 and its 200 day moving average is $69.56.

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

Alliant Energy Dividend Announcement

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