Ninepoint Partners LP Invests $1.59 Million in Alliant Energy Corporation $LNT

Ninepoint Partners LP purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 20,882 shares of the company’s stock, valued at approximately $1,593,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tema ETFs LLC lifted its holdings in Alliant Energy by 6.6% in the 2nd quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock worth $178,000 after buying an additional 145 shares in the last quarter. Glenmede Investment Management LP grew its stake in shares of Alliant Energy by 0.7% during the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after acquiring an additional 153 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Alliant Energy by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after acquiring an additional 158 shares during the last quarter. Simplicity Wealth LLC increased its position in shares of Alliant Energy by 5.5% during the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after acquiring an additional 167 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in shares of Alliant Energy by 4.6% in the first quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock worth $300,000 after acquiring an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 1.0%

LNT stock opened at $69.46 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. The firm has a fifty day moving average price of $73.46 and a two-hundred day moving average price of $72.17. The firm has a market cap of $18.01 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.60 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same period last year, the firm posted $0.68 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a dividend of $0.535 per share. The ex-dividend date was Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.1%. Alliant Energy’s dividend payout ratio is 67.72%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. TD Cowen assumed coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target for the company. Mizuho cut their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. BMO Capital Markets reduced their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings downgraded shares of 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 assigned a Hold rating to the stock. Based on data from MarketBeat, 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.