PDT Partners LLC Purchases New Stake in Alliant Energy Corporation $LNT

PDT Partners LLC acquired a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,130 shares of the company’s stock, valued at approximately $7,029,000.

A number of other large investors have also recently bought and sold shares of the company. Cedar Mountain Advisors LLC bought a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $26,000. Clearstead Trust LLC bought a new position in Alliant Energy in the second quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC bought a new position in Alliant Energy in the third quarter valued at approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Alliant Energy during the second quarter valued at approximately $32,000. Finally, Fortress Financial Group LLC acquired a new position in Alliant Energy during the second quarter valued at approximately $2,063,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNT has been the topic of a number of research analyst reports. TD Cowen started coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. Scotiabank reissued a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. BMO Capital Markets reduced their price objective on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Monday, August 3rd. Finally, Mizuho decreased their target price on 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus target price of $76.82.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $68.34 on Wednesday. The company’s 50 day moving average price is $73.14 and its two-hundred day moving average price is $72.21. The firm has a market capitalization of $17.72 billion, a P/E ratio of 21.63, a P/E/G ratio of 2.54 and a beta of 0.55. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week 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.

Alliant Energy (NASDAQ:LNT) last announced 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 net margin of 18.45% and a return on equity of 11.16%. The company had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. During the same period in the prior year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were issued 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 dividend payout ratio is presently 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.