1,887,114 Shares in Alliant Energy Corporation $LNT Acquired by Legal & General Group Plc

Legal & General Group Plc purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,887,114 shares of the company’s stock, valued at approximately $143,968,000. Legal & General Group Plc owned 0.73% of Alliant Energy as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Delta Global Management LP acquired a new stake in Alliant Energy in the 1st quarter valued at $2,512,000. Vanguard Group Inc. lifted its stake in shares of Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after purchasing an additional 383,612 shares in the last quarter. Nicholas Company Inc. acquired a new position in shares of Alliant Energy during the fourth quarter worth about $5,736,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Alliant Energy in the second quarter worth about $47,562,000. Finally, Reaves W H & Co. Inc. boosted its position in shares of Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock worth $198,752,000 after buying an additional 1,278,166 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Down 1.0%

Shares of Alliant Energy stock opened at $68.21 on Friday. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. The company has a market capitalization of $17.69 billion, a PE ratio of 21.59, a P/E/G ratio of 2.56 and a beta of 0.55. 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 business has a 50-day moving average of $72.96 and a 200-day moving average of $72.23.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. The business had revenue of $971.00 million for 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 revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities analysts forecast 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 was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Scotiabank reiterated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Weiss Ratings lowered Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Mizuho decreased their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, August 3rd. TD Cowen began coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective for the company. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of Alliant Energy in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

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.