Engineers Gate Manager LP Raises Holdings in Alliant Energy Corporation $LNT

Engineers Gate Manager LP increased its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 672.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,507 shares of the company’s stock after purchasing an additional 85,751 shares during the period. Engineers Gate Manager LP’s holdings in Alliant Energy were worth $7,515,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Delta Global Management LP acquired a new stake in shares of Alliant Energy during the first quarter valued at $2,512,000. The Manufacturers Life Insurance Company acquired a new position in Alliant Energy in the 2nd quarter valued at about $47,562,000. Reaves W H & Co. Inc. lifted its holdings in Alliant Energy by 71.8% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after purchasing an additional 1,278,166 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in Alliant Energy in the 1st quarter valued at about $2,102,000. Finally, Nykredit A S acquired a new stake in shares of Alliant Energy during the 2nd quarter worth about $1,171,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LNT. TD Cowen began coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 target price on shares of Alliant Energy in a research note on Thursday, August 27th. BMO Capital Markets reduced their price target on 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, Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.00.

Alliant Energy Trading Down 0.9%

Shares of LNT stock opened at $67.25 on Friday. The firm’s 50-day simple moving average is $71.41 and its 200-day simple moving average is $72.11. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. The firm has a market cap of $17.44 billion, a P/E ratio of 21.28, a PEG ratio of 2.86 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The firm had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. During the same period in the previous year, the firm earned $0.68 earnings per share. Alliant Energy’s 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. As a group, equities analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, July 31st. Alliant Energy’s dividend payout ratio is presently 67.72%.

Alliant Energy Profile

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.