Jacobson & Schmitt Advisors LLC Purchases Shares of 8,873 Alliant Energy Corporation $LNT

Jacobson & Schmitt Advisors LLC acquired a new position in Alliant Energy Corporation (NASDAQ:LNT) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,873 shares of the company’s stock, valued at approximately $598,000.

A number of other institutional investors have also modified their holdings of the company. Magellan Asset Management Ltd increased its position in Alliant Energy by 802.8% during the 3rd quarter. Magellan Asset Management Ltd now owns 1,553,695 shares of the company’s stock worth $104,735,000 after purchasing an additional 1,381,593 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Alliant Energy during the second quarter worth approximately $82,265,000. Reaves W H & Co. Inc. increased its position in shares of Alliant Energy by 54.3% in the third quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock worth $119,928,000 after acquiring an additional 626,410 shares in the last quarter. Goldman Sachs Group Inc. raised 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 acquiring an additional 538,603 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Alliant Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock valued at $2,013,875,000 after acquiring an additional 481,487 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

LNT has been the subject of several recent research reports. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Jefferies Financial Group reiterated a “buy” rating and issued a $78.00 target price on shares of Alliant Energy in a research note on Monday, November 24th. Argus reiterated a “hold” rating on shares of Alliant Energy in a report on Friday, January 9th. Wells Fargo & Company reissued an “overweight” rating and set a $75.00 price target on shares of Alliant Energy in a research report on Sunday. Finally, Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a report on Saturday. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.50.

Alliant Energy Stock Down 0.4%

Shares of NASDAQ LNT opened at $71.63 on Wednesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.70 and a current ratio of 0.80. Alliant Energy Corporation has a 1 year low of $57.09 and a 1 year high of $72.25. The stock’s 50-day simple moving average is $66.95 and its 200-day simple moving average is $66.62. The firm has a market cap of $18.42 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.95 and a beta of 0.67.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $673.11 million. During the same quarter in the prior year, the business posted $0.70 earnings per share. Alliant Energy’s revenue for the quarter was up 9.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 30th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 30th. Alliant Energy’s payout ratio is presently 67.94%.

Alliant Energy 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.