Alliant Energy Corporation $LNT Stock Position Raised by HITE Hedge Asset Management LLC

HITE Hedge Asset Management LLC lifted its position in Alliant Energy Corporation (NASDAQ:LNT) by 22.2% in the 4th quarter, Holdings Channel reports. The fund owned 500,591 shares of the company’s stock after buying an additional 91,062 shares during the period. Alliant Energy makes up approximately 2.1% of HITE Hedge Asset Management LLC’s investment portfolio, making the stock its 11th biggest holding. HITE Hedge Asset Management LLC’s holdings in Alliant Energy were worth $32,543,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LNT. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy in the 3rd quarter valued at approximately $27,000. MRP Capital Investments LLC purchased a new stake in shares of Alliant Energy in the 3rd quarter valued at approximately $35,000. Hantz Financial Services Inc. lifted its position in shares of Alliant Energy by 256.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after acquiring an additional 403 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Alliant Energy in the 2nd quarter valued at approximately $46,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on LNT. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Mizuho set a $76.00 target price on shares of Alliant Energy in a research report on Monday, May 4th. BMO Capital Markets set a $81.00 target price on shares of Alliant Energy in a research report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Finally, Scotiabank reiterated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Stock Up 0.7%

LNT stock opened at $73.11 on Friday. Alliant Energy Corporation has a 12-month low of $59.62 and a 12-month high of $75.76. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The company has a market cap of $18.88 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.96 and a beta of 0.56. The company has a 50 day moving average of $72.42 and a two-hundred day moving average of $69.62.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the firm earned $0.83 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.535 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.

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.