Alliant Energy Corporation $LNT Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel raised its stake in Alliant Energy Corporation (NASDAQ:LNT) by 4.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 638,323 shares of the company’s stock after buying an additional 24,615 shares during the quarter. Alliant Energy makes up about 0.9% of Carnegie Investment Counsel’s investment portfolio, making the stock its 26th largest holding. Carnegie Investment Counsel’s holdings in Alliant Energy were worth $43,680,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LNT. Price T Rowe Associates Inc. MD raised its holdings in shares of 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 valued at $545,662,000 after buying an additional 7,460,117 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Alliant Energy during the second quarter valued at $82,265,000. Reaves W H & Co. Inc. grew its holdings in shares of Alliant Energy by 71.8% during the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after buying an additional 1,278,166 shares in the last quarter. Cohen & Steers Inc. raised its position in Alliant Energy by 41.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock valued at $235,004,000 after buying an additional 1,063,268 shares during the period. Finally, Jennison Associates LLC raised its position in Alliant Energy by 92.5% during the fourth quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after buying an additional 867,256 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LNT shares. Weiss Ratings raised shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. Mizuho set a $76.00 price target on Alliant Energy in a research report on Monday, May 4th. BMO Capital Markets set a $81.00 price target 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 stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Scotiabank reiterated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.18.

Alliant Energy Stock Up 0.9%

LNT traded up $0.70 during trading on Friday, hitting $76.40. The company had a trading volume of 1,680,572 shares, compared to its average volume of 2,266,287. 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 has a market capitalization of $19.73 billion, a PE ratio of 23.95, a PEG ratio of 3.12 and a beta of 0.55. Alliant Energy Corporation has a one year low of $61.61 and a one year high of $78.81. The firm’s 50-day moving average price is $73.65 and its 200 day moving average price is $70.90.

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. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations 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 was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s payout ratio is 67.08%.

About Alliant Energy

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.