Galaxy Digital Capital Management GP LLC Takes $640,000 Position in Alliant Energy Corporation $LNT

Galaxy Digital Capital Management GP LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,391 shares of the company’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cedar Mountain Advisors LLC bought a new stake in Alliant Energy during the second quarter worth $26,000. Clearstead Trust LLC bought a new position in shares of Alliant Energy in the 2nd quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Alliant Energy during the 3rd quarter worth $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Alliant Energy during the 2nd quarter worth $32,000. Finally, Fortress Financial Group LLC bought a new stake in shares of Alliant Energy during the 2nd quarter worth $2,063,000. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

LNT has been the topic of several research analyst reports. Mizuho reduced their price objective on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research note on Monday, August 3rd. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. BMO Capital Markets dropped their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, TD Cowen assumed coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $76.82.

Alliant Energy Stock Down 0.1%

Shares of LNT opened at $68.34 on Wednesday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81. The stock has a market capitalization of $17.72 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 2.54 and a beta of 0.55. The stock has a fifty day moving average of $73.14 and a 200-day moving average of $72.21.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same quarter in the previous year, the company posted $0.68 EPS. Alliant Energy’s quarterly revenue was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, sell-side analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

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

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.