Hills Bank & Trust Co Boosts Position in Alliant Energy Corporation $LNT

Hills Bank & Trust Co increased its stake in Alliant Energy Corporation (NASDAQ:LNT) by 41.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 71,979 shares of the company’s stock after acquiring an additional 21,255 shares during the quarter. Hills Bank & Trust Co’s holdings in Alliant Energy were worth $4,679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNT. Magellan Asset Management Ltd grew its holdings in Alliant Energy by 802.8% during the 3rd quarter. Magellan Asset Management Ltd now owns 1,553,695 shares of the company’s stock worth $104,735,000 after acquiring an additional 1,381,593 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in Alliant Energy during the 2nd quarter worth about $82,265,000. Jennison Associates LLC grew its holdings in Alliant Energy by 92.5% during the 4th quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock worth $117,357,000 after acquiring an additional 867,256 shares in the last quarter. Reaves W H & Co. Inc. grew its holdings in Alliant Energy by 54.3% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock worth $119,928,000 after acquiring an additional 626,410 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Alliant Energy by 98.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after acquiring an additional 538,603 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LNT has been the topic of several recent research reports. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price on the stock. HSBC upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. BMO Capital Markets set a $81.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Finally, Scotiabank reiterated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Stock Down 2.1%

NASDAQ:LNT opened at $70.90 on Friday. Alliant Energy Corporation has a fifty-two week low of $59.62 and a fifty-two week high of $75.76. The stock has a market capitalization of $18.31 billion, a P/E ratio of 22.23, a P/E/G ratio of 2.96 and a beta of 0.58. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. The company’s 50-day simple moving average is $71.90 and its 200-day simple moving average is $68.93.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $0.83 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.

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.