Inceptionr LLC Invests $591,000 in Alliant Energy Corporation $LNT

Inceptionr LLC bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,241 shares of the company’s stock, valued at approximately $591,000.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Alliant Energy by 799.3% in the 4th 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. bought a new position in shares of Alliant Energy in the 2nd quarter valued at about $82,265,000. Reaves W H & Co. Inc. increased its stake in shares of Alliant Energy by 71.8% during the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after purchasing an additional 1,278,166 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Alliant Energy by 41.7% in the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock valued at $235,004,000 after purchasing an additional 1,063,268 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in Alliant Energy by 92.5% during the fourth quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock worth $117,357,000 after purchasing an additional 867,256 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LNT. Scotiabank restated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Wall Street Zen cut shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. TD Cowen initiated coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target on the stock. BMO Capital Markets reduced their price objective on Alliant Energy from $83.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Weiss Ratings raised Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.09.

Alliant Energy Trading Up 0.7%

LNT opened at $74.94 on Friday. The stock has a market capitalization of $19.36 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 2.78 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. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. The company has a 50-day simple moving average of $74.16 and a 200 day simple moving average of $71.57.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $1.08 billion. During the same quarter 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. Analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a $0.535 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) is currently 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.