Meeder Advisory Services Inc. Takes Position in Alliant Energy Corporation $LNT

Meeder Advisory Services Inc. acquired a new position in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, Holdings Channel reports. The fund acquired 15,921 shares of the company’s stock, valued at approximately $1,215,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Performance Wealth Partners LLC acquired a new position in Alliant Energy during the second quarter worth about $509,000. Trust Co. of Vermont acquired a new position in shares of Alliant Energy during the 2nd quarter worth approximately $156,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Alliant Energy in the 2nd quarter valued at approximately $47,608,000. OneDigital Investment Advisors LLC acquired a new stake in Alliant Energy during the 2nd quarter valued at $427,000. Finally, Roman Butler Fullerton & Co. purchased a new position in Alliant Energy during the second quarter worth $311,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $70.15 on Thursday. The business’s fifty day moving average price is $73.52 and its 200 day moving average price is $72.14. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $18.19 billion, a P/E ratio of 22.20, a PEG ratio of 2.60 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $971.00 million during the quarter, compared to analyst estimates 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 posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors 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 yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s dividend payout ratio is 67.72%.

Analysts Set New Price Targets

LNT has been the topic of several recent research reports. Scotiabank restated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Mizuho reduced 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. TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. BMO Capital Markets cut 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, Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Alliant Energy has a consensus rating of “Moderate Buy” and an average price target of $76.82.

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.