Energy Income Partners LLC Makes New Investment in Alliant Energy Corporation $LNT

Energy Income Partners LLC bought a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, Holdings Channel.com reports. The fund bought 826,750 shares of the company’s stock, valued at approximately $63,073,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in LNT. Cedar Mountain Advisors LLC acquired a new position in shares of Alliant Energy during the second quarter valued at $26,000. Clearstead Trust LLC acquired a new stake in Alliant Energy in the second quarter worth about $27,000. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy during the 3rd quarter worth about $27,000. Western Wealth Management LLC bought a new stake in Alliant Energy during the 1st quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in Alliant Energy by 235.4% during the 4th 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 period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.5%

Shares of NASDAQ LNT opened at $69.98 on Wednesday. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. The stock has a market cap of $18.15 billion, a price-to-earnings ratio of 22.15, a P/E/G 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. The company’s fifty day moving average is $73.58 and its 200-day moving average is $72.11.

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

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.72%.

Analyst Ratings Changes

LNT has been the topic of several recent research reports. 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 note on Monday, May 4th. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Wall Street Zen lowered Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Finally, TD Cowen initiated 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. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.