Jennison Associates LLC Has $126.74 Million Stock Holdings in Alliant Energy Corporation $LNT

Jennison Associates LLC reduced its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,766,167 shares of the company’s stock after selling 39,047 shares during the quarter. Jennison Associates LLC’s holdings in Alliant Energy were worth $126,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Glenmede Investment Management LP raised its holdings in Alliant Energy by 0.7% in the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after buying an additional 153 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Alliant Energy by 1.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after acquiring an additional 158 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in Alliant Energy by 4.8% during the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock worth $229,000 after acquiring an additional 161 shares during the last quarter. Simplicity Wealth LLC increased its position in Alliant Energy by 5.5% in the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after acquiring an additional 167 shares during the period. Finally, Resonant Capital Advisors LLC increased its position in Alliant Energy by 4.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $74.82 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The company has a 50 day simple moving average of $73.96 and a two-hundred day simple moving average of $71.26. The company has a market capitalization of $19.32 billion, a PE ratio of 23.45, a P/E/G ratio of 3.05 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (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 firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.83 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Research analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be issued a $0.535 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s payout ratio is presently 67.08%.

Analyst Ratings Changes

A number of brokerages have recently commented on LNT. Weiss Ratings upgraded shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Scotiabank restated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Wall Street Zen lowered Alliant Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. Finally, Mizuho set a $76.00 target price on Alliant Energy in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.36.

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.