Freestone Grove Partners LP Purchases New Position in Alliant Energy Corporation $LNT

Freestone Grove Partners LP acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,987 shares of the company’s stock, valued at approximately $2,211,000.

Other hedge funds also recently made changes to their positions in the company. Tema ETFs LLC lifted its holdings in shares of Alliant Energy by 6.6% in the 2nd quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock valued at $178,000 after purchasing an additional 145 shares during the last quarter. Glenmede Investment Management LP boosted its position in shares of Alliant Energy by 0.7% in the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after purchasing an additional 153 shares during the period. Quadrant Capital Group LLC grew its stake in Alliant Energy by 1.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after buying an additional 158 shares during the last quarter. Simplicity Wealth LLC grew its stake in Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after buying an additional 167 shares during the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in Alliant Energy by 4.6% during the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock worth $300,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Alliant Energy stock opened at $68.03 on Friday. Alliant Energy Corporation has a 12 month low of $63.28 and a 12 month high of $78.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The business has a 50 day simple moving average of $72.87 and a 200-day simple moving average of $72.21. The stock has a market capitalization of $17.64 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 2.53 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. Alliant Energy’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on LNT shares. Scotiabank reiterated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. BMO Capital Markets lowered their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Mizuho cut their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. 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. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price target on shares of Alliant Energy in a research note on Thursday. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Company 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.