Hsbc Holdings PLC Acquires New Position in Alliant Energy Corporation $LNT

Hsbc Holdings PLC acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 457,996 shares of the company’s stock, valued at approximately $34,998,000. Hsbc Holdings PLC owned about 0.18% of Alliant Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position 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 last quarter. Goldman Sachs Group Inc. grew its stake in shares of Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after purchasing an additional 538,603 shares during the period. Empowered Funds LLC increased its holdings in Alliant Energy by 18.8% in the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after purchasing an additional 974 shares during the last quarter. Woodline Partners LP increased its holdings in Alliant Energy by 40.7% in the first quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after purchasing an additional 6,269 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in Alliant Energy by 23.5% in the first quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNT. BMO Capital Markets reduced their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. TD Cowen started coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target for the company. Scotiabank reiterated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Mizuho reduced their price objective 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, Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Stock Down 1.0%

NASDAQ:LNT opened at $68.21 on Friday. 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 moving average price of $72.96 and a two-hundred day moving average price of $72.23. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 2.56 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS 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 company had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same quarter last year, the firm posted $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 expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) 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.