577,357 Shares in Alliant Energy Corporation $LNT Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the fourth quarter, Holdings Channel reports. The fund bought 577,357 shares of the company’s stock, valued at approximately $37,534,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNT. AQR Capital Management LLC increased its holdings in Alliant Energy by 103.8% during the 1st quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after acquiring an additional 33,978 shares during the period. Goldman Sachs Group Inc. increased its holdings in Alliant Energy by 98.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after acquiring an additional 538,603 shares during the period. Empowered Funds LLC increased its holdings in Alliant Energy by 18.8% during the 1st quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock worth $397,000 after acquiring an additional 974 shares during the period. Woodline Partners LP increased its holdings in Alliant Energy by 40.7% during the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after acquiring an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Alliant Energy by 23.5% during 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 period. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of analyst reports. BMO Capital Markets set a $81.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Mizuho set a $76.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Royal Bank Of Canada started coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. Barclays set a $74.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Price Performance

LNT stock opened at $73.84 on Wednesday. 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 Corporation has a one year low of $59.62 and a one year high of $75.76. The stock has a market cap of $19.07 billion, a PE ratio of 23.15, a P/E/G ratio of 3.00 and a beta of 0.56. The firm has a 50 day simple moving average of $72.45 and a two-hundred day simple moving average of $69.69.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

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

About Alliant Energy

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.