12,779 Shares in Alliant Energy Corporation $LNT Purchased by Empowered Funds LLC

Empowered Funds LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,779 shares of the company’s stock, valued at approximately $975,000.

Other hedge funds also recently made changes to their positions in the company. Tema ETFs LLC increased its stake in Alliant Energy by 6.6% in the second quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock valued at $178,000 after acquiring an additional 145 shares during the last quarter. Glenmede Investment Management LP boosted its stake in shares of Alliant Energy by 0.7% in the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Alliant Energy by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after purchasing an additional 158 shares in the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Alliant Energy by 4.6% during the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after buying an additional 184 shares in the last quarter. Finally, Westpac Banking Corp grew its stake in shares of Alliant Energy by 0.9% during the 1st quarter. Westpac Banking Corp now owns 20,797 shares of the company’s stock valued at $1,492,000 after acquiring an additional 187 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Mizuho dropped their price objective on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price objective on shares of Alliant Energy in a research note on Thursday, August 27th. TD Cowen assumed coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective on the stock. Finally, Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Alliant Energy Stock Performance

Shares of LNT opened at $67.97 on Friday. The stock has a market capitalization of $17.62 billion, a PE ratio of 21.51, a PEG ratio of 2.86 and a beta of 0.54. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81. The stock has a 50-day simple moving average of $72.12 and a 200-day simple moving average of $72.17. 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 (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.07. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. 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 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors 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 payout ratio is 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.