Mitsubishi UFJ Asset Management Co. Ltd. Acquires 43,901 Shares of Alliant Energy Corporation $LNT

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 9.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 528,539 shares of the company’s stock after buying an additional 43,901 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Alliant Energy were worth $35,629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of Alliant Energy by 103.8% during the 1st quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after buying an additional 33,978 shares during the period. Goldman Sachs Group Inc. raised its holdings in 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. Empowered Funds LLC lifted its position in Alliant Energy by 18.8% during the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock worth $397,000 after acquiring an additional 974 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Alliant Energy by 40.7% during the first quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after acquiring an additional 6,269 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of 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. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. Barclays raised Alliant Energy from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $65.00 to $67.00 in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 29th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $78.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, February 23rd. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and an average price target of $74.50.

Alliant Energy Stock Up 1.2%

Shares of NASDAQ LNT opened at $72.34 on Monday. The stock has a market capitalization of $18.60 billion, a P/E ratio of 22.97, a PEG ratio of 2.96 and a beta of 0.66. The stock’s fifty day moving average is $67.33 and its 200 day moving average is $66.76. Alliant Energy Corporation has a 52 week low of $57.09 and a 52 week high of $72.40. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80.

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 analysts’ consensus estimates of $0.58 by $0.02. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $673.11 million. During the same period in the prior year, the company posted $0.70 earnings per share. The business’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. Sell-side analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently disclosed 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 yield of 3.0%. This is a positive change 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 67.94%.

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.