Alliant Energy Corporation $LNT Shares Sold by Greenland Capital Management LP

Greenland Capital Management LP lowered its stake in Alliant Energy Corporation (NASDAQ:LNT) by 26.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 193,149 shares of the company’s stock after selling 70,481 shares during the quarter. Alliant Energy makes up approximately 1.3% of Greenland Capital Management LP’s investment portfolio, making the stock its 5th largest position. Greenland Capital Management LP’s holdings in Alliant Energy were worth $13,020,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LNT. Mufg Securities Americas Inc. lifted its stake in Alliant Energy by 21.7% in the 3rd quarter. Mufg Securities Americas Inc. now owns 6,930 shares of the company’s stock valued at $467,000 after purchasing an additional 1,237 shares during the last quarter. Compound Planning Inc. increased its holdings in shares of Alliant Energy by 9.2% during the third quarter. Compound Planning Inc. now owns 6,579 shares of the company’s stock worth $444,000 after buying an additional 553 shares in the last quarter. Verus Capital Partners LLC bought a new position in shares of Alliant Energy in the 3rd quarter valued at $214,000. Koshinski Asset Management Inc. boosted its holdings in shares of Alliant Energy by 2.3% during the 3rd quarter. Koshinski Asset Management Inc. now owns 17,533 shares of the company’s stock valued at $1,182,000 after acquiring an additional 395 shares in the last quarter. Finally, Bleakley Financial Group LLC acquired a new stake in shares of Alliant Energy during the 3rd quarter valued at $755,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $78.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday. UBS Group set a $75.00 price objective on Alliant Energy and gave the company a “buy” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 29th. Mizuho set a $73.00 target price on shares of Alliant Energy in a report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Alliant Energy in a research note on Monday, November 24th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $74.50.

Alliant Energy Stock Performance

Shares of LNT stock opened at $71.91 on Tuesday. The stock has a market capitalization of $18.48 billion, a PE ratio of 22.83, a PEG ratio of 2.91 and a beta of 0.67. The business’s 50 day simple moving average is $66.82 and its 200 day simple moving average is $66.58. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.70. Alliant Energy Corporation has a one year low of $57.09 and a one year high of $72.25.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $673.11 million. During the same quarter in the previous year, the company earned $0.70 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, January 30th. Alliant Energy’s payout ratio is currently 67.94%.

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.