26,432 Shares in Alliant Energy Corporation $LNT Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 26,432 shares of Alliant Energy in the second quarter, valued at approximately $2.02 million. Institutional investors and hedge funds collectively own 79.9% of the company.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $76.82, although some firms recently issued neutral or sell-related downgrades.
• Alliant Energy exceeded quarterly earnings expectations, reporting $0.65 EPS and $971 million in revenue. The company also maintains a quarterly dividend of $0.535 per share, equal to a 3.1% annualized yield.

Quantbot Technologies LP bought a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 26,432 shares of the company's stock, valued at approximately $2,016,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Fortress Financial Group LLC bought a new stake in Alliant Energy during the 2nd quarter worth about $2,063,000. Madison Wealth Partners Inc bought a new position in shares of Alliant Energy in the 2nd quarter valued at about $1,025,000. Westpac Banking Corp acquired a new stake in shares of Alliant Energy in the second quarter valued at about $1,369,000. Korea Investment CORP acquired a new stake in shares of Alliant Energy in the second quarter valued at about $9,737,000. Finally, EP Wealth Advisors LLC bought a new stake in Alliant Energy during the second quarter worth about $436,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on LNT shares. TD Cowen started coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a "hold" rating and a $83.00 price target for the company. Weiss Ratings cut Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Wall Street Zen downgraded Alliant Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Scotiabank reissued 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. Finally, Mizuho lowered their target price on shares of Alliant Energy from $76.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Alliant Energy has a consensus rating of "Moderate Buy" and a consensus price target of $76.82.

Alliant Energy Trading Up 0.8%

Alliant Energy stock opened at $68.42 on Tuesday. The stock has a 50-day simple moving average of $73.25 and a 200 day simple moving average of $72.20. The stock has a market capitalization of $17.74 billion, a P/E ratio of 21.65, a PEG ratio of 2.52 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 Corporation has a 52 week low of $63.28 and a 52 week high of $78.81.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same quarter in the prior year, the company earned $0.68 earnings per share. The business'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. Analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm 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 was Friday, July 31st. Alliant Energy's dividend payout ratio 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.

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