624,035 Shares in Alliant Energy Corporation $LNT Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, Holdings Channel reports. The institutional investor purchased 624,035 shares of the company’s stock, valued at approximately $47,608,000.

Several other large investors also recently made changes to their positions in LNT. Tema ETFs LLC raised 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 worth $178,000 after purchasing an additional 145 shares in the last quarter. Glenmede Investment Management LP boosted its holdings in Alliant Energy by 0.7% during the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Alliant Energy by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after buying an additional 158 shares in the last quarter. Simplicity Wealth LLC boosted its holdings in Alliant Energy by 5.5% during the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after buying an additional 167 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its position in Alliant Energy by 4.6% in the first 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. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.2%

LNT stock opened at $70.15 on Thursday. 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 firm has a market capitalization of $18.19 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.60 and a beta of 0.55. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81. The company’s 50 day simple moving average is $73.52 and its 200-day simple moving average is $72.14.

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

Alliant Energy Announces Dividend

The firm 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 was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio is presently 67.72%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LNT shares. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. BMO Capital Markets reduced their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. TD Cowen began coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Finally, Scotiabank reiterated 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. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.82.

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.