Delos Wealth Advisors LLC Makes New $5.79 Million Investment in Alliant Energy Corporation $LNT

Delos Wealth Advisors LLC acquired a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 75,924 shares of the company’s stock, valued at approximately $5,792,000. Alliant Energy makes up 3.0% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 15th biggest position.

Other large investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC acquired a new position in shares of Alliant Energy in the 2nd quarter worth approximately $26,000. Clearstead Trust LLC acquired a new stake in Alliant Energy in the 2nd quarter valued at $27,000. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy in the third quarter valued at $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Alliant Energy in the second quarter valued at $32,000. Finally, Western Wealth Management LLC acquired a new position in Alliant Energy during the first quarter worth $41,000. 79.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on LNT. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. TD Cowen began coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. Finally, Mizuho reduced their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Alliant Energy presently has an average rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Price Performance

Shares of LNT stock opened at $68.34 on Wednesday. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81. The firm’s 50 day moving average is $73.14 and its 200-day moving average is $72.21. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.54 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. Alliant Energy’s revenue was up 1.0% compared to the same quarter last year. During the same period 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. Sell-side analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

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

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.