Dearborn Partners LLC Invests $10.46 Million in Alliant Energy Corporation $LNT

Dearborn Partners LLC purchased a new position in Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 137,070 shares of the company’s stock, valued at approximately $10,457,000. Dearborn Partners LLC owned approximately 0.05% of Alliant Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Jupiter Topco LLC bought a new position in Alliant Energy during the 2nd quarter worth approximately $837,468,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Alliant Energy by 799.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after acquiring an additional 7,460,117 shares during the last quarter. Magellan Asset Management Ltd acquired a new stake in shares of Alliant Energy during the 2nd quarter valued at approximately $151,629,000. Legal & General Group Plc acquired a new stake in shares of Alliant Energy during the 2nd quarter valued at approximately $143,968,000. Finally, Balyasny Asset Management L.P. bought a new position in Alliant Energy during the second quarter worth $82,265,000. 79.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LNT. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Alliant Energy in a report on Thursday. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. BMO Capital Markets dropped their price objective on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Finally, TD Cowen began coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $68.21 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The firm has a market capitalization of $17.69 billion, a PE ratio of 21.59, a P/E/G ratio of 2.56 and a beta of 0.55. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. The business’s fifty day moving average price is $72.96 and its two-hundred day moving average price is $72.23.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s payout ratio is presently 67.72%.

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.