United Capital Financial Advisors LLC Buys New Shares in Alliant Energy Corporation $LNT

United Capital Financial Advisors LLC bought a new position in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 88,831 shares of the company’s stock, valued at approximately $6,777,000.

A number of other institutional investors have also bought and sold shares of LNT. AQR Capital Management LLC boosted its stake in shares of Alliant Energy by 103.8% in the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after acquiring an additional 33,978 shares during the period. Goldman Sachs Group Inc. raised its stake in Alliant Energy by 98.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after purchasing an additional 538,603 shares during the period. Empowered Funds LLC raised its stake in Alliant Energy by 18.8% during the 1st 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 period. Woodline Partners LP lifted its holdings in Alliant Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after purchasing an additional 6,269 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after purchasing an additional 239 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 a number of research analyst reports. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Mizuho lowered their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group restated a “buy” rating and set a $80.00 target price on shares of Alliant Energy in a research report on Thursday. TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price for the company. Finally, BMO Capital Markets cut their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Alliant Energy has a consensus rating of “Moderate Buy” and an average target price of $77.00.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $68.21 on Friday. The firm has a market cap of $17.69 billion, a PE ratio of 21.59, a PEG ratio of 2.56 and a beta of 0.55. The stock has a 50 day moving average of $72.96 and a 200 day moving average of $72.23. 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 Corporation has a 12 month low of $63.28 and a 12 month high of $78.81.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business had revenue of $971.00 million for 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 was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, research analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

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 dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. Alliant Energy’s dividend payout ratio is presently 67.72%.

About Alliant Energy

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.