Lombard Odier Asset Management Switzerland SA Buys 20,600 Shares of Alliant Energy Corporation $LNT

Lombard Odier Asset Management Switzerland SA lifted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 80.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,200 shares of the company’s stock after purchasing an additional 20,600 shares during the quarter. Lombard Odier Asset Management Switzerland SA’s holdings in Alliant Energy were worth $3,315,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LNT. AQR Capital Management LLC raised its position in shares of Alliant Energy by 103.8% during the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after purchasing an additional 33,978 shares during the period. Goldman Sachs Group Inc. grew its position in Alliant Energy by 98.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after purchasing an additional 538,603 shares during the period. Empowered Funds LLC increased its stake in Alliant Energy by 18.8% during the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after purchasing an additional 974 shares in the last quarter. Woodline Partners LP increased its stake in Alliant Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after purchasing an additional 6,269 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 239 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research note on Tuesday, April 21st. Weiss Ratings raised Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Mizuho set a $76.00 price objective on shares of Alliant Energy in a report on Monday, May 4th. Finally, Scotiabank reiterated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.09.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $74.94 on Monday. The company has a market cap of $19.36 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.78 and a beta of 0.55. The stock’s fifty day moving average price is $74.16 and its two-hundred day moving average price is $71.61. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

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

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a $0.535 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) 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.