Alliant Energy Corporation $LNT Shares Acquired by California State Teachers Retirement System

California State Teachers Retirement System lifted its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 7,371.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,876,930 shares of the company's stock after buying an additional 22,570,756 shares during the period. California State Teachers Retirement System owned approximately 8.82% of Alliant Energy worth $1,745,281,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC grew its position in shares of Alliant Energy by 103.8% in the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company's stock valued at $4,292,000 after purchasing an additional 33,978 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company's stock worth $69,792,000 after buying an additional 538,603 shares during the last quarter. Empowered Funds LLC boosted its stake in Alliant Energy by 18.8% during the first quarter. Empowered Funds LLC now owns 6,166 shares of the company's stock worth $397,000 after buying an additional 974 shares during the last quarter. Woodline Partners LP grew its holdings in Alliant Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 21,679 shares of the company's stock valued at $1,395,000 after buying an additional 6,269 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company's stock valued at $81,000 after buying an additional 239 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Up 0.0%

Shares of LNT opened at $67.26 on Friday. The company's 50-day simple moving average is $71.19 and its 200-day simple moving average is $72.08. 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 1 year low of $63.28 and a 1 year high of $78.81. The stock has a market capitalization of $17.44 billion, a PE ratio of 21.28, a P/E/G ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.65 earnings per share 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 firm had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same period in the prior year, the firm earned $0.68 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts forecast that Alliant Energy Corporation will post 3.42 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy's payout ratio is presently 67.72%.

Analyst Ratings Changes

Several research analysts have recently commented on LNT shares. BMO Capital Markets reduced their price target on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Wall Street Zen lowered shares of Alliant Energy from a "sell" rating to a "strong sell" rating in a report on Saturday. Weiss Ratings cut shares of Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Mizuho reduced their target price on shares of Alliant Energy from $76.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $80.00 target price on shares of Alliant Energy in a report on Thursday, August 27th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.00.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.

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