Vestcor Inc Grows Position in Alliant Energy Corporation $LNT

Vestcor Inc increased its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 296.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,231 shares of the company’s stock after acquiring an additional 25,600 shares during the quarter. Vestcor Inc’s holdings in Alliant Energy were worth $2,225,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Glenmede Investment Management LP lifted its stake in Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after acquiring an additional 153 shares during the period. Quadrant Capital Group LLC lifted its stake in Alliant Energy by 1.8% in 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 period. Apollon Wealth Management LLC lifted its stake in Alliant Energy by 4.8% in the fourth quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after acquiring an additional 161 shares during the period. Simplicity Wealth LLC lifted its stake 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 acquiring an additional 167 shares during the period. Finally, Rehmann Capital Advisory Group raised its holdings 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 in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LNT shares. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company restated an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Scotiabank restated a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Mizuho set a $76.00 price target on shares of Alliant Energy in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $72.87 on Monday. Alliant Energy Corporation has a twelve month low of $59.62 and a twelve month high of $75.76. The company’s 50 day moving average is $72.28 and its 200 day moving average is $69.46. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The company has a market cap of $18.82 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.97 and a beta of 0.56.

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

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio is 67.08%.

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.