Quantbot Technologies LP Purchases New Position in Alliant Energy Corporation $LNT

Quantbot Technologies LP purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 26,432 shares of the company’s stock, valued at approximately $2,016,000.

Other hedge funds have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC acquired a new position in shares of Alliant Energy in the second quarter valued at approximately $26,000. Clearstead Trust LLC bought a new position in shares of Alliant Energy during the second quarter worth approximately $27,000. Measured Wealth Private Client Group LLC acquired a new stake in Alliant Energy during the 3rd quarter worth approximately $27,000. Western Wealth Management LLC acquired a new stake in Alliant Energy during the 1st quarter worth approximately $41,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on LNT shares. Scotiabank reiterated a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. BMO Capital Markets reduced their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. TD Cowen started coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 28th. Finally, Mizuho lowered their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.82.

Alliant Energy Price Performance

Alliant Energy stock opened at $68.42 on Tuesday. The stock’s fifty day moving average price is $73.25 and its two-hundred day moving average price is $72.20. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The firm has a market cap of $17.74 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 2.52 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $971.00 million during the quarter, compared to analysts’ expectations of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy’s payout ratio is 67.72%.

Alliant Energy 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.