Fjarde AP Fonden Fourth Swedish National Pension Fund Purchases New Stake in Alliant Energy Corporation $LNT

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in Alliant Energy Corporation (NASDAQ:LNT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,100 shares of the company’s stock, valued at approximately $1,729,000.

A number of other hedge funds have also recently modified their holdings of the company. Keybank National Association OH raised its stake in shares of Alliant Energy by 26.7% during the first quarter. Keybank National Association OH now owns 5,853 shares of the company’s stock valued at $420,000 after acquiring an additional 1,234 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Alliant Energy by 12.2% in the first quarter. Root Financial Partners LLC now owns 3,009 shares of the company’s stock worth $216,000 after purchasing an additional 327 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Alliant Energy by 12.9% in the first quarter. IFM Investors Pty Ltd now owns 65,336 shares of the company’s stock worth $4,689,000 after purchasing an additional 7,468 shares during the last quarter. Ellenbecker Investment Group raised its position in Alliant Energy by 22.2% during the 1st quarter. Ellenbecker Investment Group now owns 10,710 shares of the company’s stock valued at $769,000 after purchasing an additional 1,946 shares during the last quarter. Finally, MQS Management LLC bought a new stake in shares of Alliant Energy in the 1st quarter worth approximately $694,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a report on Monday, May 4th. Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada began coverage on Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Trading Down 1.9%

NASDAQ:LNT opened at $76.58 on Tuesday. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 3.18 and a beta of 0.55. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The company’s 50 day moving average price is $73.31 and its 200-day moving average price is $70.62. Alliant Energy Corporation has a 52 week low of $60.84 and a 52 week high of $78.21.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share (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 business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio is presently 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.