Inceptionr LLC Takes Position in Alliant Energy Corporation $LNT

Inceptionr LLC bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 1st quarter, HoldingsChannel reports. The institutional investor bought 8,241 shares of the company’s stock, valued at approximately $591,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Alliant Energy by 103.8% in the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after purchasing an additional 33,978 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 buying an additional 538,603 shares during the period. Empowered Funds LLC grew its position in shares of Alliant Energy by 18.8% in the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after buying an additional 974 shares during the last quarter. Woodline Partners LP increased its stake in shares of Alliant Energy by 40.7% in the first quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after buying an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in shares of Alliant Energy by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 239 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

Shares of LNT stock opened at $74.94 on Friday. The firm has a 50 day moving average of $74.16 and a 200-day moving average of $71.57. The company has a market cap of $19.36 billion, a price-to-earnings ratio of 23.49, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81.

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

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.

Analysts Set New Price Targets

LNT has been the subject of a number of recent analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. TD Cowen began coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. Weiss Ratings raised shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Finally, Mizuho set a $76.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Nine equities 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.com, Alliant Energy has an average rating of “Moderate Buy” and a consensus target price of $77.09.

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.