Magellan Asset Management Ltd Acquires New Holdings in Alliant Energy Corporation $LNT

Magellan Asset Management Ltd purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, HoldingsChannel reports. The fund purchased 1,987,533 shares of the company’s stock, valued at approximately $151,629,000. Alliant Energy makes up about 3.4% of Magellan Asset Management Ltd’s holdings, making the stock its 11th largest holding.

A number of other institutional investors have also modified their holdings of the company. Delta Global Management LP purchased a new stake in shares of Alliant Energy during the 1st quarter valued at $2,512,000. Vanguard Group Inc. boosted its holdings in Alliant Energy by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after acquiring an additional 383,612 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in Alliant Energy by 5.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after acquiring an additional 215,188 shares in the last quarter. Nicholas Company Inc. purchased a new stake in shares of Alliant Energy during the fourth quarter worth about $5,736,000. Finally, Reaves W H & Co. Inc. raised its position in shares of Alliant Energy by 71.8% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after purchasing an additional 1,278,166 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy News Roundup

Here are the key news stories impacting Alliant Energy this week:

• Positive Sentiment: Long-term growth prospects remain favorable: Alliant Energy’s expanding customer base, rising utility demand and planned $13.4 billion capital investment program are expected to support revenue and earnings growth through 2029. Can Customer Growth Support Alliant Energy’s Long-Term Growth?
• Positive Sentiment: Some forward estimates increased: Zacks Research raised its Q4 2026 EPS forecast to $0.74 from $0.68, FY2026 EPS to $3.42 from $3.41, and FY2028 EPS to $4.02 from $3.98. The higher estimates may modestly improve sentiment toward Alliant’s earnings trajectory.
• Neutral Sentiment: Overall earnings outlook remains close to consensus: Zacks projects FY2026 EPS of $3.42, FY2027 EPS of $3.65 and FY2028 EPS of $4.02, compared with the current-year consensus estimate of $3.43. The changes imply gradual growth but are not a major near-term catalyst.
• Negative Sentiment: Several estimates were trimmed: Zacks reduced its Q2 2027 EPS forecast to $0.73 from $0.78, Q3 2027 to $1.26 from $1.27, and FY2027 to $3.65 from $3.68. These cuts may weigh on the stock by signaling some pressure on intermediate-term earnings expectations.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. TD Cowen started coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective on the stock. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. BMO Capital Markets dropped their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Finally, Mizuho decreased their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Alliant Energy Price Performance

NASDAQ LNT opened at $67.86 on Monday. The business has a fifty day moving average price of $73.35 and a 200 day moving average price of $72.18. 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 cap of $17.60 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.52 and a beta of 0.55. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.07. The business 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%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 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 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued a $0.535 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 3.2%. Alliant Energy’s dividend payout ratio (DPR) 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.