13,100 Shares in Alliant Energy Corporation $LNT Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in Alliant Energy Corporation (NASDAQ:LNT) during the first quarter, Holdings Channel.com reports. The firm acquired 13,100 shares of the company’s stock, valued at approximately $940,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy during the third quarter worth about $27,000. MRP Capital Investments LLC purchased a new position in Alliant Energy in the third quarter valued at about $35,000. Caitong International Asset Management Co. Ltd boosted its holdings in Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Alliant Energy during the 2nd quarter valued at approximately $46,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Alliant Energy during the 4th quarter valued at approximately $51,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

LNT stock opened at $78.03 on Monday. 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 Corporation has a 1-year low of $60.72 and a 1-year high of $78.21. The firm has a fifty day moving average price of $73.23 and a two-hundred day moving average price of $70.54. The firm has a market cap of $20.15 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 3.18 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the company earned $0.83 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were paid a dividend of $0.535 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 2.7%. Alliant Energy’s dividend payout ratio is 67.08%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LNT shares. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a report on Monday, May 4th. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. Mizuho set a $76.00 price target on shares of Alliant Energy in a report on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

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.