Fifth Third Bancorp Buys 48,659 Shares of Alliant Energy Corporation $LNT

Fifth Third Bancorp grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 117.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 90,054 shares of the company’s stock after purchasing an additional 48,659 shares during the quarter. Fifth Third Bancorp’s holdings in Alliant Energy were worth $6,462,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Alliant Energy by 799.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after buying an additional 7,460,117 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Alliant Energy in the 2nd quarter worth $82,265,000. Reaves W H & Co. Inc. increased its position in shares of Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after acquiring an additional 1,278,166 shares during the period. Cohen & Steers Inc. increased its position in shares of Alliant Energy by 41.7% in the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock valued at $235,004,000 after acquiring an additional 1,063,268 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Alliant Energy by 92.5% during the fourth quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after acquiring an additional 867,256 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LNT. Scotiabank reiterated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Barclays set a $74.00 price target on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Weiss Ratings upgraded Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Finally, TD Cowen began coverage on Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $75.75 on Friday. Alliant Energy Corporation has a 1 year low of $62.31 and a 1 year high of $78.81. The stock has a market capitalization of $19.56 billion, a P/E ratio of 23.75, a P/E/G ratio of 3.04 and a beta of 0.55. The company’s 50-day moving average is $73.90 and its 200 day moving average is $71.23. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate 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 net margin of 18.58% and a return on equity of 11.37%. Alliant Energy’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, sell-side analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

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.