Delta Global Management LP Makes New $2.51 Million Investment in Alliant Energy Corporation $LNT

Delta Global Management LP purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 1st quarter, Holdings Channel.com reports. The fund purchased 35,006 shares of the company’s stock, valued at approximately $2,512,000.

A number of other large investors also recently made changes to their positions in LNT. Vanguard Group Inc. lifted its stake in shares of Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after purchasing an additional 383,612 shares during the period. Janus Henderson Group PLC grew its position in shares of Alliant Energy by 2.1% in the fourth quarter. Janus Henderson Group PLC now owns 11,134,938 shares of the company’s stock valued at $723,882,000 after purchasing an additional 223,793 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after purchasing an additional 7,460,117 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Alliant Energy by 2.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after purchasing an additional 167,581 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Alliant Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after buying an additional 128,998 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ LNT opened at $74.94 on Friday. The firm has a market capitalization of $19.36 billion, a P/E ratio of 23.49, a P/E/G ratio of 2.78 and a beta of 0.55. 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 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The business’s 50-day simple moving average is $74.16 and its 200-day simple moving average is $71.57.

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

Alliant Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LNT. Mizuho set a $76.00 price target on Alliant Energy in a research note on Monday, May 4th. Weiss Ratings raised shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. BMO Capital Markets decreased their target price on shares of Alliant Energy from $83.00 to $80.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Scotiabank restated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.09.

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.