Sei Investments Co. Acquires 74,541 Shares of Alliant Energy Corporation $LNT

Sei Investments Co. lifted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 30.3% in the first quarter, Holdings Channel.com reports. The fund owned 320,193 shares of the company’s stock after purchasing an additional 74,541 shares during the period. Sei Investments Co.’s holdings in Alliant Energy were worth $22,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Alliant Energy during the 3rd quarter valued at $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares during the period. MUFG Securities EMEA plc purchased a new position in Alliant Energy during the 2nd quarter valued at about $46,000. Fideuram Asset Management Ireland dac bought a new stake in shares of Alliant Energy during the fourth quarter valued at about $51,000. Finally, Quantbot Technologies LP bought a new stake in shares of Alliant Energy during the third quarter valued at about $54,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LNT has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Mizuho set a $76.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Weiss Ratings raised shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Finally, TD Cowen initiated coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, Alliant Energy has an average rating of “Moderate Buy” and a consensus target price of $77.09.

Alliant Energy Stock Performance

Shares of LNT opened at $73.79 on Wednesday. The company has a market cap of $19.06 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55. 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 stock has a 50-day moving average price of $74.21 and a 200-day moving average price of $71.74. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the firm posted $0.83 earnings per share. 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. As a group, equities analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

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