Saudi Central Bank Acquires 8,592 Shares of Alliant Energy Corporation $LNT

Saudi Central Bank lifted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 90.6% in the second quarter, Holdings Channel reports. The fund owned 18,080 shares of the company’s stock after purchasing an additional 8,592 shares during the quarter. Saudi Central Bank’s holdings in Alliant Energy were worth $1,379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNT. Delta Global Management LP purchased a new stake in Alliant Energy during the 1st quarter valued at $2,512,000. The Manufacturers Life Insurance Company purchased a new position in Alliant Energy during the 2nd quarter valued at $47,562,000. Reaves W H & Co. Inc. boosted its stake in shares of Alliant Energy by 71.8% during 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 purchasing an additional 1,278,166 shares during the period. Segall Bryant & Hamill LLC bought a new position in Alliant Energy in the 1st quarter worth about $2,102,000. Finally, Assenagon Asset Management S.A. grew its stake in Alliant Energy by 339.9% in the second quarter. Assenagon Asset Management S.A. now owns 93,380 shares of the company’s stock worth $7,124,000 after purchasing an additional 72,151 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 0.9%

LNT stock opened at $68.61 on Wednesday. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81. The business’s 50-day moving average is $71.78 and its 200 day moving average is $72.15. 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 cap of $17.79 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.86 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, sell-side analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current fiscal 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 given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, July 31st. Alliant Energy’s dividend payout ratio is 67.72%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho lowered their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of Alliant Energy in a research note on Thursday, August 27th. BMO Capital Markets cut their price target on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, TD Cowen assumed coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

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.