HBK Sorce Advisory LLC Purchases Shares of 10,892 Alliant Energy Corporation $LNT

HBK Sorce Advisory LLC acquired a new position in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,892 shares of the company’s stock, valued at approximately $765,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after buying an additional 383,612 shares during the period. Janus Henderson Group PLC increased its holdings in Alliant Energy by 1.2% in the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after buying an additional 138,683 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of 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 worth $545,662,000 after acquiring an additional 7,460,117 shares during the period. Geode Capital Management LLC raised its position in shares of Alliant Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after acquiring an additional 128,998 shares during the period. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Alliant Energy by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after acquiring an additional 215,188 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $70.60 on Monday. The firm has a 50-day simple moving average of $73.65 and a 200-day simple moving average of $72.07. The stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 2.62 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81.

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

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.72%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. BMO Capital Markets reduced their price target on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Scotiabank reiterated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, 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 on the stock. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Alliant Energy 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.