13,454 Shares in Alliant Energy Corporation $LNT Bought by Equitable Holdings Inc.

Equitable Holdings Inc. bought a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 13,454 shares of the company’s stock, valued at approximately $1,026,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Alliant Energy by 103.8% in the 1st 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. lifted its stake in shares of 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 in the last quarter. Empowered Funds LLC grew its holdings in shares of 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 purchasing an additional 974 shares during the period. Woodline Partners LP grew its holdings in shares of 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 purchasing an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. increased its position 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 purchasing an additional 239 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on LNT shares. BMO Capital Markets cut their price target on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of Alliant Energy in a research note on Thursday. Scotiabank reissued a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Mizuho cut their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Finally, TD Cowen initiated coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Nine investment 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.com, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Stock Performance

Shares of NASDAQ:LNT opened at $68.03 on Friday. The business’s 50-day simple moving average is $72.87 and its 200 day simple moving average is $72.21. The company has a market cap of $17.64 billion, a P/E ratio of 21.53, a PEG ratio of 2.53 and a beta of 0.55. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $896.94 million. During the same quarter in the prior year, the business earned $0.68 EPS. Alliant Energy’s quarterly revenue was up 1.0% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

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

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.