Ames National Corp Buys 18,133 Shares of Alliant Energy Corporation $LNT

Ames National Corp increased its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 423.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,418 shares of the company’s stock after acquiring an additional 18,133 shares during the quarter. Alliant Energy makes up about 0.9% of Ames National Corp’s portfolio, making the stock its 23rd largest position. Ames National Corp’s holdings in Alliant Energy were worth $1,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Glenmede Investment Management LP raised its holdings in Alliant Energy by 0.7% during the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Alliant Energy by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after buying an additional 158 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Alliant Energy by 4.8% during the fourth quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after buying an additional 161 shares during the last quarter. Simplicity Wealth LLC raised its holdings in Alliant Energy by 5.5% during the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after buying an additional 167 shares during the last quarter. Finally, Empowered Funds LLC raised its holdings in Alliant Energy by 3.0% during the fourth quarter. Empowered Funds LLC now owns 6,443 shares of the company’s stock worth $419,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company restated an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Mizuho set a $76.00 price objective on shares of Alliant Energy in a report on Monday, May 4th. Finally, Royal Bank Of Canada assumed coverage on shares of Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective on the stock. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Price Performance

LNT opened at $73.11 on Friday. The firm has a market cap of $18.88 billion, a P/E ratio of 22.92, a PEG ratio of 2.98 and a beta of 0.56. The firm has a 50-day moving average of $72.42 and a 200 day moving average of $69.62. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. Alliant Energy Corporation has a fifty-two week low of $59.62 and a fifty-two week high of $75.76.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $1.18 billion during 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 quarter in the prior year, the business earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were given a dividend of $0.535 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s dividend payout ratio is presently 67.08%.

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.