MQS Management LLC Invests $694,000 in Alliant Energy Corporation $LNT

MQS Management LLC purchased a new position in Alliant Energy Corporation (NASDAQ:LNT) during the 1st quarter, HoldingsChannel reports. The firm purchased 9,678 shares of the company’s stock, valued at approximately $694,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy in the third quarter valued at $27,000. MRP Capital Investments LLC bought a new position in shares of Alliant Energy during the third quarter worth about $35,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after acquiring an additional 445 shares during the period. MUFG Securities EMEA plc acquired a new stake in shares of Alliant Energy in the 2nd quarter worth about $46,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Alliant Energy in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 1.2%

Alliant Energy stock opened at $76.29 on Wednesday. The firm has a 50 day simple moving average of $72.88 and a 200-day simple moving average of $70.29. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The stock has a market capitalization of $19.70 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56. Alliant Energy Corporation has a 12-month low of $59.98 and a 12-month high of $77.36.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The firm’s quarterly 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. As a group, equities research analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 2.8%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LNT. Scotiabank restated 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 target on Alliant Energy in a report on Monday, May 4th. Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada began 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. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

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.