Louisiana State Employees Retirement System Makes New Investment in Alliant Energy Corporation $LNT

Louisiana State Employees Retirement System purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,100 shares of the company’s stock, valued at approximately $940,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after acquiring an additional 383,612 shares during the last quarter. Janus Henderson Group PLC increased its position in Alliant Energy by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 11,134,938 shares of the company’s stock worth $723,882,000 after purchasing an additional 223,793 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after purchasing an additional 7,460,117 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after purchasing an additional 167,581 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after purchasing an additional 128,998 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a research note on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada started coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target for the company. Scotiabank restated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $78.03 on Monday. Alliant Energy Corporation has a twelve month low of $60.72 and a twelve month high of $78.21. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 3.18 and a beta of 0.55. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The company has a fifty day moving average price of $73.23 and a 200 day moving average price of $70.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $0.83 earnings per share. The firm’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. Equities research analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio is currently 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.