Wealthfront Advisers LLC Has $6.13 Million Stock Holdings in Alliant Energy Corporation $LNT

Wealthfront Advisers LLC raised its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,325 shares of the company’s stock after purchasing an additional 7,599 shares during the period. Wealthfront Advisers LLC’s holdings in Alliant Energy were worth $6,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNT. Magellan Asset Management Ltd grew its holdings in Alliant Energy by 802.8% during the third quarter. Magellan Asset Management Ltd now owns 1,553,695 shares of the company’s stock valued at $104,735,000 after purchasing an additional 1,381,593 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Alliant Energy during the second quarter valued at approximately $82,265,000. Reaves W H & Co. Inc. grew its holdings in Alliant Energy by 54.3% during the third quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock valued at $119,928,000 after purchasing an additional 626,410 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after purchasing an additional 538,603 shares during the last quarter. Finally, Liberty One Investment Management LLC boosted its position in shares of Alliant Energy by 91.7% in the third quarter. Liberty One Investment Management LLC now owns 984,790 shares of the company’s stock valued at $66,389,000 after acquiring an additional 470,967 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $73.43 on Friday. Alliant Energy Corporation has a 1-year low of $58.97 and a 1-year high of $74.40. The firm has a market capitalization of $18.97 billion, a PE ratio of 23.31, a PEG ratio of 2.94 and a beta of 0.61. The business’s 50 day moving average is $71.84 and its 200-day moving average is $68.69. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49.

Alliant Energy (NASDAQ:LNT) last posted 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 18.57% and a return on equity of 11.51%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.83 earnings per share. The business’s 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. Sell-side analysts predict that Alliant Energy Corporation will post 3.42 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date is Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.9%. Alliant Energy’s payout ratio is currently 67.94%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Mizuho increased their price objective on Alliant Energy from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, March 16th. Argus reissued a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada assumed coverage on Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.44.

Alliant Energy 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.