Y Intercept Hong Kong Ltd Buys Shares of 10,788 Alliant Energy Corporation $LNT

Y Intercept Hong Kong Ltd purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,788 shares of the company’s stock, valued at approximately $774,000.

Several other hedge funds also recently made changes to their positions in LNT. Vanguard Group Inc. raised its holdings in shares of Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after purchasing an additional 383,612 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Alliant Energy by 2.1% during the fourth quarter. Janus Henderson Group PLC now owns 11,134,938 shares of the company’s stock worth $723,882,000 after purchasing an additional 223,793 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after purchasing an additional 7,460,117 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Alliant Energy by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after buying an additional 167,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Alliant Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after buying an additional 128,998 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

LNT has been the subject of several analyst reports. TD Cowen began coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective for the company. Mizuho set a $76.00 target price on Alliant Energy in a report on Monday, May 4th. BMO Capital Markets set a $81.00 price target on Alliant Energy in a research report on Monday, May 4th. Weiss Ratings upgraded Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Finally, Barclays set a $74.00 price target on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.18.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $76.40 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. The business has a fifty day simple moving average of $73.65 and a two-hundred day simple moving average of $70.94. Alliant Energy Corporation has a 1 year low of $61.61 and a 1 year high of $78.81. The company has a market capitalization of $19.73 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 3.12 and a beta of 0.55.

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

Alliant Energy Announces Dividend

The business 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 2.8%. Alliant Energy’s dividend payout ratio is 67.08%.

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.