Renaissance Technologies LLC Raises Stake in Alliant Energy Corporation $LNT

Renaissance Technologies LLC boosted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 68.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 710,700 shares of the company’s stock after buying an additional 289,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Alliant Energy were worth $51,000,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LNT. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd lifted its stake in Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares during the last quarter. MUFG Securities EMEA plc purchased a new position in Alliant Energy in the second quarter valued at approximately $46,000. Fideuram Asset Management Ireland dac bought a new position in Alliant Energy during the fourth quarter valued at $51,000. Finally, Quantbot Technologies LP bought a new position in Alliant Energy during the third quarter valued at $54,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

LNT has been the subject of a number of recent research reports. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. TD Cowen assumed coverage on Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target for the company. BMO Capital Markets decreased their price objective on Alliant Energy from $83.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. Wall Street Zen lowered Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Finally, Scotiabank restated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.09.

Alliant Energy Stock Down 1.3%

LNT opened at $73.93 on Tuesday. Alliant Energy Corporation has a 12 month low of $63.28 and a 12 month high of $78.81. The company has a market cap of $19.09 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 2.78 and a beta of 0.55. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The company has a 50 day moving average of $74.19 and a 200 day moving average of $71.67.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The business’s revenue for the quarter 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, sell-side analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be given a $0.535 dividend. The ex-dividend date is Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. Alliant Energy’s payout ratio is 67.08%.

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.