Commerce Bank Acquires New Stake in Alliant Energy Corporation $LNT

Commerce Bank bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 33,168 shares of the company’s stock, valued at approximately $2,530,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 worth $2,196,382,000 after acquiring an additional 383,612 shares during the period. Janus Henderson Group PLC increased its position in Alliant Energy by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after purchasing an additional 138,683 shares during the period. Price T Rowe Associates Inc. MD increased its position in Alliant Energy by 799.3% during the 4th 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 during the period. Geode Capital Management LLC raised its holdings in 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 purchasing an additional 128,998 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in 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 purchasing an additional 215,188 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LNT shares. Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. BMO Capital Markets dropped their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Mizuho cut their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Finally, TD Cowen started coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Trading Up 0.8%

LNT opened at $68.42 on Tuesday. The company has a fifty day moving average price of $73.25 and a two-hundred day moving average price of $72.20. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. The company has a market cap of $17.74 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 2.52 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data 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. The company had revenue of $971.00 million for the quarter, compared to analysts’ expectations of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were issued a $0.535 dividend. 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 presently 67.72%.

Alliant Energy Company 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.