Benjamin Edwards Inc. Grows Position in Alliant Energy Corporation $LNT

Key Points

• Benjamin Edwards Inc. increased its Alliant Energy stake by 375.7% in the second quarter, holding 285,330 shares worth approximately $21.8 million. Institutional investors collectively own 79.9% of the company.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $77.00, despite some recent target-price reductions and one sell downgrade.
• Alliant Energy exceeded quarterly earnings expectations, reporting $0.65 in EPS versus the $0.58 estimate and $971 million in revenue. The company also pays a quarterly dividend of $0.535 per share, equating to a 3.1% annualized yield.

Benjamin Edwards Inc. lifted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 375.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 285,330 shares of the company's stock after acquiring an additional 225,351 shares during the period. Benjamin Edwards Inc. owned 0.11% of Alliant Energy worth $21,766,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Cedar Mountain Advisors LLC acquired a new position in Alliant Energy during the second quarter worth $26,000. Clearstead Trust LLC purchased a new position in Alliant Energy during the second quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy in the 3rd quarter valued at about $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Alliant Energy in the second quarter valued at approximately $32,000. Finally, Western Wealth Management LLC acquired a new stake in Alliant Energy during the first quarter worth approximately $41,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen initiated coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They issued a "hold" rating and a $83.00 target price for the company. Scotiabank reissued a "sector perform" rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Wall Street Zen cut Alliant Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. BMO Capital Markets lowered their price objective on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Finally, Mizuho dropped 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. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, Alliant Energy presently has a consensus rating of "Moderate Buy" and an average price target of $77.00.

Alliant Energy Stock Down 0.3%

Shares of NASDAQ:LNT opened at $68.03 on Friday. The stock has a 50-day simple moving average of $72.87 and a 200-day simple moving average of $72.21. The stock has a market capitalization of $17.64 billion, a P/E ratio of 21.53, a PEG ratio of 2.52 and a beta of 0.55. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. Alliant Energy's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were issued a dividend of $0.535 per share. The ex-dividend date was Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. Alliant Energy's payout ratio is presently 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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