Harbour Investments Inc. Buys 72,934 Shares of Alliant Energy Corporation $LNT

Harbour Investments Inc. raised its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 89.0% in the 4th quarter, Holdings Channel reports. The firm owned 154,850 shares of the company’s stock after acquiring an additional 72,934 shares during the period. Harbour Investments Inc.’s holdings in Alliant Energy were worth $10,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AlphaQuest LLC bought a new position in shares of Alliant Energy during the 3rd quarter valued at about $1,314,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Alliant Energy by 108.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 47,101 shares of the company’s stock valued at $3,175,000 after purchasing an additional 24,549 shares during the last quarter. Johnson Investment Counsel Inc. boosted its holdings in shares of Alliant Energy by 2.9% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock valued at $133,453,000 after purchasing an additional 55,489 shares during the last quarter. Reaves W H & Co. Inc. boosted its holdings in shares of Alliant Energy by 54.3% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock valued at $119,928,000 after purchasing an additional 626,410 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of Alliant Energy by 41.1% in the 3rd quarter. Teacher Retirement System of Texas now owns 57,866 shares of the company’s stock valued at $3,901,000 after acquiring an additional 16,849 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LNT. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Mizuho set a $76.00 price target on shares of Alliant Energy in a report on Monday, May 4th. BMO Capital Markets set a $81.00 price target on shares of Alliant Energy in a report on Monday, May 4th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $73.95 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The company has a market cap of $19.10 billion, a P/E ratio of 23.18, a PEG ratio of 3.02 and a beta of 0.58. Alliant Energy Corporation has a 1 year low of $59.62 and a 1 year high of $75.76. The firm has a 50-day simple moving average of $72.12 and a two-hundred day simple moving average of $69.18.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Research analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a $0.535 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.08%.

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.