Alliant Energy Corporation $LNT Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 232,310 shares of the company’s stock after acquiring an additional 24,246 shares during the quarter. CIBC Asset Management Inc’s holdings in Alliant Energy were worth $15,088,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LNT. Glenmede Investment Management LP raised its position in shares of Alliant Energy by 0.7% during the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares in the last quarter. Quadrant Capital Group LLC increased its stake 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 valued at $615,000 after acquiring an additional 158 shares during the period. Apollon Wealth Management LLC raised its holdings in Alliant Energy by 4.8% during the fourth quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after purchasing an additional 161 shares in the last quarter. Simplicity Wealth LLC lifted its position in Alliant Energy by 5.5% in the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after purchasing an additional 167 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in Alliant Energy by 4.7% in the third quarter. Rehmann Capital Advisory Group now owns 4,316 shares of the company’s stock worth $291,000 after purchasing an additional 192 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LNT shares. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a report on Monday, May 4th. Barclays set a $74.00 target price on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Mizuho set a $76.00 target price on Alliant Energy in a report on Monday, May 4th. Finally, Royal Bank Of Canada assumed coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Trading Up 0.9%

Alliant Energy stock opened at $71.39 on Friday. The firm has a market cap of $18.44 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.56. Alliant Energy Corporation has a 1 year low of $59.62 and a 1 year high of $75.76. The firm’s 50 day moving average price is $72.22 and its two-hundred day moving average price is $69.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio is currently 67.08%.

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.