Y Intercept Hong Kong Ltd Takes Position in Alliant Energy Corporation $LNT

Y Intercept Hong Kong Ltd purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,788 shares of the company’s stock, valued at approximately $774,000.

A number of other institutional investors and hedge funds have also modified their holdings of LNT. Glenmede Investment Management LP grew its holdings in Alliant Energy by 0.7% during the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after acquiring an additional 153 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Alliant Energy by 1.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after purchasing an additional 158 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Alliant Energy by 4.8% in the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock valued at $229,000 after purchasing an additional 161 shares during the period. Simplicity Wealth LLC grew its stake in shares of Alliant Energy by 5.5% during the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after purchasing an additional 167 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of Alliant Energy by 3.0% during the fourth quarter. Empowered Funds LLC now owns 6,443 shares of the company’s stock worth $419,000 after purchasing an additional 190 shares during the period. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on LNT. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a report on Monday, May 4th. TD Cowen initiated coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a research note on Tuesday, April 21st. Finally, Scotiabank reiterated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.18.

Alliant Energy Stock Performance

Shares of LNT stock opened at $76.40 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. The company has a market capitalization of $19.73 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 3.12 and a beta of 0.55. The company’s 50 day moving average price is $73.65 and its two-hundred day moving average price is $70.94. Alliant Energy Corporation has a 52 week low of $61.61 and a 52 week high of $78.81.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company earned $0.83 earnings per share. The business’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. On average, analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

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