Vanguard Group Inc. Purchases 97,980 Shares of Alliant Energy Corporation $LNT

Vanguard Group Inc. boosted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,401,682 shares of the company’s stock after purchasing an additional 97,980 shares during the period. Vanguard Group Inc. owned approximately 13.00% of Alliant Energy worth $2,251,607,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. HighTower Advisors LLC boosted its stake in Alliant Energy by 4.4% in the 3rd quarter. HighTower Advisors LLC now owns 47,139 shares of the company’s stock worth $3,178,000 after purchasing an additional 1,966 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Alliant Energy by 4.8% during the third quarter. Public Sector Pension Investment Board now owns 55,380 shares of the company’s stock valued at $3,733,000 after buying an additional 2,544 shares during the period. Rhumbline Advisers lifted its position in shares of Alliant Energy by 4.3% during the third quarter. Rhumbline Advisers now owns 582,776 shares of the company’s stock worth $39,285,000 after purchasing an additional 23,988 shares during the last quarter. Reaves W H & Co. Inc. raised its holdings in shares of Alliant Energy by 54.3% in the 3rd quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock valued at $119,928,000 after purchasing an additional 626,410 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in Alliant Energy by 2.9% in the third quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock worth $133,453,000 after buying an additional 55,489 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNT has been the topic of several analyst reports. Wells Fargo & Company started coverage on Alliant Energy in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $71.00 target price on the stock. UBS Group set a $75.00 price target on shares of Alliant Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Argus reissued a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. Barclays upgraded Alliant Energy from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $65.00 to $67.00 in a research note on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.13.

Alliant Energy Trading Up 1.2%

Shares of LNT stock opened at $70.85 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The company’s 50-day moving average price is $66.58 and its 200-day moving average price is $66.50. Alliant Energy Corporation has a twelve month low of $57.09 and a twelve month high of $72.25. The stock has a market cap of $18.21 billion, a price-to-earnings ratio of 22.28, a PEG ratio of 2.83 and a beta of 0.67.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, February 19th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $673.11 million. Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. Alliant Energy’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were given a $0.535 dividend. This is an increase from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is presently 67.30%.

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.