OMERS ADMINISTRATION Corp Invests $1.01 Million in Alliant Energy Corporation $LNT

OMERS ADMINISTRATION Corp bought a new position in Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,254 shares of the company’s stock, valued at approximately $1,011,000.

Other large investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Alliant Energy during the 2nd quarter worth approximately $2,645,000. PEAK6 LLC bought a new position in shares of Alliant Energy in the second quarter valued at approximately $957,000. Capital Square LLC bought a new position in shares of Alliant Energy in the second quarter valued at approximately $321,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Alliant Energy during the second quarter valued at approximately $422,000. Finally, Magellan Asset Management Ltd bought a new stake in Alliant Energy during the second quarter worth $151,629,000. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LNT shares. Scotiabank reissued 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. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 target price on shares of Alliant Energy in a research note on Thursday. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. BMO Capital Markets reduced their price objective on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.00.

Alliant Energy Trading Down 1.0%

Shares of LNT stock opened at $68.21 on Friday. The company has a 50 day moving average of $72.96 and a 200-day moving average of $72.23. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81. The firm has a market cap of $17.69 billion, a P/E ratio of 21.59, a PEG ratio of 2.56 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the prior year, the business earned $0.68 earnings per share. Alliant Energy’s revenue for the quarter was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s dividend payout ratio is currently 67.72%.

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.