79,999 Shares in Alliant Energy Corporation $LNT Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 79,999 shares of the company’s stock, valued at approximately $6,103,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Pure Financial Advisors LLC acquired a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $331,000. Transamerica Financial Advisors LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at approximately $94,000. Corient Private Wealth LP acquired a new position in Alliant Energy in the second quarter valued at approximately $3,210,000. Ausdal Financial Partners Inc. acquired a new position in Alliant Energy in the second quarter valued at approximately $382,000. Finally, Freestone Grove Partners LP purchased a new position in Alliant Energy in the second quarter worth approximately $2,211,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Down 0.1%

Shares of NASDAQ LNT opened at $67.92 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The business’s 50 day moving average is $72.63 and its two-hundred day moving average is $72.24. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81. The firm has a market cap of $17.61 billion, a price-to-earnings ratio of 21.49, a PEG ratio of 2.52 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business had revenue of $971.00 million during the quarter, compared to analyst estimates of $896.94 million. During the same period last year, the business posted $0.68 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Research analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.72%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LNT. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. TD Cowen began coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and set a $80.00 price objective on shares of Alliant Energy in a research report on Thursday, August 27th. BMO Capital Markets reduced their price objective 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. Finally, Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

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.