The Manufacturers Life Insurance Company Raises Holdings in Alliant Energy Corporation $LNT

The Manufacturers Life Insurance Company grew its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 2.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 643,495 shares of the company’s stock after buying an additional 13,085 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Alliant Energy were worth $46,191,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after acquiring an additional 445 shares during the period. MUFG Securities EMEA plc acquired a new stake in Alliant Energy in the second quarter valued at $46,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Alliant Energy during the 4th quarter worth $51,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Alliant Energy during the 3rd quarter worth $54,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LNT. BMO Capital Markets cut their price target on shares of Alliant Energy from $83.00 to $80.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. 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. TD Cowen started coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Mizuho set a $76.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Finally, Scotiabank reiterated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $77.09.

Alliant Energy Stock Down 1.5%

Alliant Energy stock opened at $70.89 on Friday. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 2.67 and a beta of 0.55. The stock’s fifty day moving average is $74.15 and its two-hundred day moving average is $71.82. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

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.