Alliant Energy Corporation $LNT Stock: Assenagon Asset Management S.A. Raises Position

Key Points

• Assenagon Asset Management increased its Alliant Energy stake by 20.7% in the third quarter, owning 112,687 shares valued at approximately $7.1 million. Institutional investors and hedge funds collectively own 79.9% of the company.
• Analysts maintain a generally positive outlook, with eight Buy ratings and five Holds producing a “Moderate Buy” consensus and an average price target of $75.20.
• Alliant Energy exceeded quarterly earnings and revenue expectations, reporting $0.65 in EPS and $971 million in revenue. The company also declared a quarterly dividend of $0.535 per share, implying a 3.1% annualized yield.

Assenagon Asset Management S.A. lifted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 20.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,687 shares of the company's stock after buying an additional 19,307 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Alliant Energy were worth $7,133,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of Alliant Energy by 13.4% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,492 shares of the company's stock worth $284,000 after purchasing an additional 532 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new position in Alliant Energy during the 3rd quarter worth approximately $1,081,000. Krilogy Financial LLC grew its stake in Alliant Energy by 26.1% during the 3rd quarter. Krilogy Financial LLC now owns 3,659 shares of the company's stock worth $243,000 after buying an additional 757 shares during the last quarter. Accel Wealth Management increased its position in Alliant Energy by 6.6% during the third quarter. Accel Wealth Management now owns 9,564 shares of the company's stock worth $605,000 after buying an additional 592 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Alliant Energy by 5.9% during the third quarter. Farther Finance Advisors LLC now owns 9,862 shares of the company's stock worth $624,000 after buying an additional 549 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LNT. Weiss Ratings cut Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. TD Cowen began coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a "hold" rating and a $83.00 price objective for the company. Wall Street Zen upgraded shares of Alliant Energy from a "strong sell" rating to a "sell" rating in a research report on Sunday, September 20th. Barclays set a $68.00 target price on shares of Alliant Energy and gave the company an "equal weight" rating in a report on Tuesday, October 13th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $75.00 target price on shares of Alliant Energy in a report on Monday, October 12th. Eight research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $75.20.

Alliant Energy Stock Up 2.1%

Alliant Energy stock opened at $68.27 on Wednesday. Alliant Energy Corporation has a twelve month low of $62.54 and a twelve month high of $78.81. The stock has a 50 day moving average of $66.95 and a two-hundred day moving average of $70.97. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $17.70 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.82 and a beta of 0.52.

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, beating the consensus estimate of $0.58 by $0.07. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be issued a $0.5350 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, October 30th. Alliant Energy's payout ratio is currently 67.72%.

Alliant Energy Profile

Alliant Energy Corporation is a public utility holding company headquartered in Madison, Wisconsin. Through its regulated utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

Alliant Energy's operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

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