SBI Okasan Asset Management Co.Ltd. Acquires Shares of 11,000 Alliant Energy Corporation $LNT

SBI Okasan Asset Management Co.Ltd. acquired a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,000 shares of the company’s stock, valued at approximately $720,000.

Other hedge funds have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in Alliant Energy during the 3rd quarter valued at $27,000. MRP Capital Investments LLC purchased a new position in Alliant Energy during the 3rd quarter valued at $35,000. Hantz Financial Services Inc. increased its position in Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after purchasing an additional 403 shares during the period. Sentry Investment Management LLC purchased a new position in Alliant Energy during the 3rd quarter valued at $44,000. Finally, MUFG Securities EMEA plc purchased a new position in Alliant Energy during the 2nd quarter valued at $46,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $71.61 on Friday. The stock has a market cap of $18.50 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.94 and a beta of 0.58. The firm’s 50-day moving average is $72.14 and its 200 day moving average is $69.33. Alliant Energy Corporation has a 1 year low of $59.62 and a 1 year high of $75.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Mizuho set a $76.00 target price on shares of Alliant Energy in a research report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.

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.