Daiichi Life Insurance Co. Ltd. Makes New $1.07 Million Investment in Alliant Energy Corporation $LNT

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, Holdings Channel.com reports. The firm acquired 13,996 shares of the company’s stock, valued at approximately $1,068,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Delta Global Management LP purchased a new position in shares of Alliant Energy during the 1st quarter valued at approximately $2,512,000. Vanguard Group Inc. boosted its holdings in Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after buying an additional 383,612 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Alliant Energy by 5.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock valued at $264,458,000 after buying an additional 215,188 shares during the period. Nicholas Company Inc. acquired a new stake in Alliant Energy during the fourth quarter valued at $5,736,000. Finally, Reaves W H & Co. Inc. increased its holdings in Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after buying an additional 1,278,166 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $68.42 on Tuesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The company has a fifty day moving average of $73.25 and a two-hundred day moving average of $72.20. The stock has a market capitalization of $17.74 billion, a PE ratio of 21.65, a P/E/G ratio of 2.52 and a beta of 0.55. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data 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. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same period last year, the firm posted $0.68 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.72%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LNT. 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. Mizuho dropped their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Scotiabank restated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target for the company. Finally, Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Alliant Energy currently has an average 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.