27,072 Shares in Alliant Energy Corporation $LNT Bought by Bank of Nova Scotia

Bank of Nova Scotia bought a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, Holdings Channel reports. The firm bought 27,072 shares of the company’s stock, valued at approximately $2,065,000.

Other hedge funds have also bought and sold shares of the company. Tema ETFs LLC increased its position in Alliant Energy by 6.6% in the second quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock worth $178,000 after buying an additional 145 shares in the last quarter. Glenmede Investment Management LP raised its stake in shares of Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Alliant Energy by 1.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after buying an additional 158 shares in the last quarter. Simplicity Wealth LLC lifted its position in shares of Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after buying an additional 167 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its stake in shares of Alliant Energy by 4.6% during the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after acquiring an additional 184 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT stock opened at $68.92 on Thursday. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81. The company’s fifty day moving average price is $73.06 and its 200-day moving average price is $72.22. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The company has a market capitalization of $17.87 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last issued its earnings results 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. The firm had revenue of $971.00 million during 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%. Alliant Energy’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. 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 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders 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 of this dividend was Friday, July 31st. Alliant Energy’s dividend payout ratio is 67.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LNT shares. Scotiabank reissued 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. Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Mizuho dropped their target price on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. Wall Street Zen lowered Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, August 9th. Finally, TD Cowen began coverage on Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.82.

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.