Northwestern Mutual Wealth Management Co. Makes New Investment in Alliant Energy Corporation $LNT

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, Holdings Channel.com reports. The firm purchased 43,869 shares of the company’s stock, valued at approximately $3,347,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after buying an additional 383,612 shares during the period. Janus Henderson Group PLC increased its position in shares of Alliant Energy by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company’s stock valued at $808,996,000 after acquiring an additional 138,683 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Alliant Energy by 799.3% in 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 acquiring an additional 7,460,117 shares during the period. Geode Capital Management LLC raised its stake in Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after acquiring an additional 128,998 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after acquiring an additional 215,188 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LNT. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Scotiabank reissued a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Mizuho reduced their price objective on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, August 9th. Finally, BMO Capital Markets dropped their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Alliant Energy has an average rating of “Moderate Buy” and a consensus price target of $76.82.

Alliant Energy Trading Up 0.8%

Shares of Alliant Energy stock opened at $68.42 on Tuesday. The stock has a market cap of $17.74 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.52 and a beta of 0.55. The firm has a fifty day moving average price of $73.25 and a 200 day moving average price of $72.20. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities research analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s payout ratio is 67.72%.

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.