623,488 Shares in Alliant Energy Corporation $LNT Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 623,488 shares of the company’s stock, valued at approximately $47,562,000. The Manufacturers Life Insurance Company owned 0.24% of Alliant Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tema ETFs LLC increased its position in shares of Alliant Energy by 6.6% during the second quarter. Tema ETFs LLC now owns 2,336 shares of the company’s stock worth $178,000 after acquiring an additional 145 shares in the last quarter. Glenmede Investment Management LP boosted its position in Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after purchasing an additional 153 shares during the last quarter. Quadrant Capital Group LLC grew its position in Alliant Energy by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after buying an additional 158 shares during the period. Simplicity Wealth LLC increased its stake in shares of Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after purchasing an additional 167 shares during the last quarter. Finally, Resonant Capital Advisors LLC raised its position in shares of Alliant Energy by 4.6% in the first quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after purchasing an additional 184 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $68.92 on Thursday. The company has a fifty day moving average of $73.06 and a 200-day moving average of $72.22. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81. The stock has a market capitalization of $17.87 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47.

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

Alliant Energy Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on LNT shares. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Mizuho cut their target price on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a research note on Monday, August 3rd. BMO Capital Markets reduced their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. TD Cowen assumed coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $76.82.

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.