Johnson Financial Group Inc. Takes Position in Alliant Energy Corporation $LNT

Johnson Financial Group Inc. purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,998 shares of the company’s stock, valued at approximately $686,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC acquired a new stake in Alliant Energy in the 2nd quarter valued at about $26,000. Clearstead Trust LLC acquired a new position in Alliant Energy in the 2nd quarter worth approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy in the third quarter worth $27,000. Western Wealth Management LLC acquired a new stake in Alliant Energy during the 1st quarter worth about $41,000. Finally, Caitong International Asset Management Co. Ltd grew its position in Alliant Energy by 235.4% during 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 in the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of recent research reports. Scotiabank restated 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. TD Cowen initiated coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. Wall Street Zen lowered Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. BMO Capital Markets cut their price objective on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. Finally, Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Stock Up 0.2%

NASDAQ LNT opened at $70.15 on Thursday. The stock’s 50 day simple moving average is $73.52 and its 200 day simple moving average is $72.14. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The firm has a market cap of $18.19 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.60 and a beta of 0.55. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same period in the previous year, the business posted $0.68 earnings per share. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

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

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.