Brasada Capital Management LP Invests $6.53 Million in Alliant Energy Corporation $LNT

Key Points

• Brasada Capital Management bought a new 85,561-share stake in Alliant Energy worth approximately $6.53 million. Institutional investors collectively own 79.9% of the company.
• Analysts maintain a generally positive outlook, with nine Buy ratings and five Holds, an overall “Moderate Buy” consensus, and an average price target of $77.
• Alliant Energy exceeded quarterly expectations with $0.65 EPS and $971 million in revenue, while maintaining a quarterly dividend of $0.535 per share, equivalent to a 3.1% annualized yield.

Brasada Capital Management LP bought a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 85,561 shares of the company's stock, valued at approximately $6,527,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LNT. Tema ETFs LLC boosted its holdings in Alliant Energy by 6.6% in the second quarter. Tema ETFs LLC now owns 2,336 shares of the company's stock valued at $178,000 after acquiring an additional 145 shares in the last quarter. Glenmede Investment Management LP raised its holdings in Alliant Energy by 0.7% in the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company's stock worth $1,536,000 after purchasing an additional 153 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Alliant Energy by 1.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company's stock worth $615,000 after purchasing an additional 158 shares in the last quarter. Simplicity Wealth LLC raised its holdings in Alliant Energy by 5.5% in the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company's stock worth $209,000 after purchasing an additional 167 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its position in shares of Alliant Energy by 4.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company's stock worth $300,000 after purchasing an additional 184 shares during the period. Institutional investors own 79.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LNT. TD Cowen started coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a "hold" rating and a $83.00 target price on the stock. Weiss Ratings downgraded shares of Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Wall Street Zen lowered shares of Alliant Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Jefferies Financial Group reaffirmed a "buy" rating and set a $80.00 price objective on shares of Alliant Energy in a research report on Thursday. Finally, BMO Capital Markets reduced their target price on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Alliant Energy presently has an average rating of "Moderate Buy" and an average price target of $77.00.

Alliant Energy Stock Performance

Shares of LNT stock opened at $68.21 on Friday. The company's fifty day moving average price is $72.96 and its 200-day moving average price is $72.23. The stock has a market cap of $17.69 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.56 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. Alliant Energy Corporation has a 12 month low of $63.28 and a 12 month high of $78.81.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) 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 company had revenue of $971.00 million during the quarter, compared to analyst estimates of $896.94 million. During the same period last year, the business earned $0.68 EPS. Alliant Energy's quarterly revenue 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. On average, equities analysts expect 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 paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. Alliant Energy's dividend payout ratio (DPR) is currently 67.72%.

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.

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