Nicholas Company Inc. Makes New Investment in Alliant Energy Corporation $LNT

Nicholas Company Inc. purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the fourth quarter, Holdings Channel.com reports. The firm purchased 88,235 shares of the company’s stock, valued at approximately $5,736,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Swiss Life Asset Management Ltd boosted its holdings in shares of Alliant Energy by 2.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 25,205 shares of the company’s stock worth $1,639,000 after buying an additional 584 shares in the last quarter. Ballentine Partners LLC boosted its holdings in shares of Alliant Energy by 5.7% during the 4th quarter. Ballentine Partners LLC now owns 4,239 shares of the company’s stock worth $276,000 after buying an additional 230 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of Alliant Energy by 5.5% during the 4th quarter. MGO One Seven LLC now owns 6,867 shares of the company’s stock worth $446,000 after buying an additional 357 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Alliant Energy by 24.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 29,455 shares of the company’s stock worth $1,915,000 after buying an additional 5,702 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of Alliant Energy by 9.2% during the 4th quarter. Gateway Investment Advisers LLC now owns 316,407 shares of the company’s stock worth $20,570,000 after buying an additional 26,638 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Performance

NASDAQ LNT opened at $71.76 on Monday. The firm has a market capitalization of $18.53 billion, a P/E ratio of 22.50, a PEG ratio of 2.93 and a beta of 0.58. The business has a fifty day simple moving average of $71.89 and a 200 day simple moving average of $68.79. Alliant Energy Corporation has a 12 month low of $58.97 and a 12 month high of $75.76. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting analysts’ consensus estimates of $0.82. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.Alliant Energy’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, analysts predict that Alliant Energy Corporation will post 3.42 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date is Thursday, April 30th. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio is presently 67.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company restated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Mizuho set a $76.00 price target on Alliant Energy in a report on Monday, May 4th. Royal Bank Of Canada initiated coverage on Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target on the stock. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. Finally, Barclays set a $74.00 target price on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $76.60.

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.