HBK Sorce Advisory LLC Acquires New Position in Alliant Energy Corporation $LNT

HBK Sorce Advisory LLC acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,892 shares of the company’s stock, valued at approximately $765,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC purchased a new position in shares of Alliant Energy during the second quarter worth approximately $26,000. Clearstead Trust LLC purchased a new stake in shares of Alliant Energy in the second quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $27,000. Western Wealth Management LLC bought a new position in Alliant Energy in the first quarter worth approximately $41,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on LNT shares. BMO Capital Markets reduced their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Wells Fargo & Company restated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research note on Tuesday, April 21st. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, Scotiabank restated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Price Performance

Alliant Energy stock opened at $70.60 on Monday. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 2.62 and a beta of 0.55. 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 fifty day moving average price of $73.65 and a 200-day moving average price of $72.07.

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

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s dividend payout ratio is presently 67.72%.

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.