Magellan Asset Management Ltd Boosts Position in Alliant Energy Corporation $LNT

Magellan Asset Management Ltd increased its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 802.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,553,695 shares of the company’s stock after acquiring an additional 1,381,593 shares during the period. Magellan Asset Management Ltd owned approximately 0.60% of Alliant Energy worth $104,735,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at $29,000. Country Trust Bank purchased a new position in shares of Alliant Energy in the second quarter valued at about $30,000. First Horizon Advisors Inc. raised its stake in shares of Alliant Energy by 84.9% during the second quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock valued at $31,000 after acquiring an additional 237 shares during the last quarter. MRP Capital Investments LLC bought a new stake in shares of Alliant Energy during the 3rd quarter valued at $35,000. Finally, Hantz Financial Services Inc. boosted its stake in Alliant Energy by 256.7% during the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after acquiring an additional 403 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Barclays raised Alliant Energy from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $65.00 to $67.00 in a research note on Wednesday, January 21st. BMO Capital Markets restated an “outperform” rating and issued a $78.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. Finally, Mizuho set a $73.00 target price on Alliant Energy in a research report on Monday. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus target price of $74.50.

Alliant Energy Trading Down 0.4%

NASDAQ LNT opened at $71.63 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.49. The company has a fifty day simple moving average of $66.95 and a two-hundred day simple moving average of $66.62. The stock has a market cap of $18.42 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.95 and a beta of 0.67. Alliant Energy Corporation has a 12-month low of $57.09 and a 12-month high of $72.25.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $673.11 million. During the same period last year, the business posted $0.70 earnings per share. The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

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