Cohen & Steers Inc. Purchases 1,063,268 Shares of Alliant Energy Corporation $LNT

Cohen & Steers Inc. boosted its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 41.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,614,890 shares of the company’s stock after purchasing an additional 1,063,268 shares during the period. Cohen & Steers Inc. owned about 1.41% of Alliant Energy worth $235,004,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Alliant Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after acquiring an additional 383,612 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Alliant Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after acquiring an additional 167,581 shares in the last quarter. Geode Capital Management LLC increased its position in Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock valued at $458,071,000 after acquiring an additional 128,998 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock valued at $264,458,000 after acquiring an additional 215,188 shares in the last quarter. Finally, Reaves W H & Co. Inc. increased its position in Alliant Energy by 71.8% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after acquiring an additional 1,278,166 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Up 0.7%

Shares of NASDAQ:LNT opened at $73.11 on Friday. Alliant Energy Corporation has a one year low of $59.62 and a one year high of $75.76. The company has a 50 day moving average of $72.42 and a 200-day moving average of $69.62. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The stock has a market cap of $18.88 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 2.96 and a beta of 0.56.

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

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.535 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. Alliant Energy’s payout ratio is currently 67.08%.

Analysts Set New Price Targets

Several research firms have weighed in on LNT. Mizuho set a $76.00 price objective on shares of Alliant Energy in a research report on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research report on Tuesday, April 21st. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. 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. Finally, Barclays set a $74.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.60.

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.