Corient Private Wealth LP Takes Position in Alliant Energy Corporation $LNT

Key Points

• Corient Private Wealth LP acquired 42,076 shares of Alliant Energy valued at approximately $3.21 million, while institutional investors collectively own 79.9% of the company.
• Alliant Energy exceeded quarterly expectations, reporting $0.65 in earnings per share versus the $0.58 consensus estimate and $971 million in revenue. The company reaffirmed fiscal 2026 EPS guidance of $3.36–$3.46.
• The utility pays a quarterly dividend of $0.535, or $2.14 annually, yielding about 3.2%. Analysts maintain a “Moderate Buy” consensus with an average price target of $77, compared with a recent share price of $67.92.

Corient Private Wealth LP purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 42,076 shares of the company's stock, valued at approximately $3,210,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tema ETFs LLC increased its position in Alliant Energy by 6.6% in the 2nd 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 lifted its position in shares of Alliant Energy by 0.7% during the third 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 lifted its position in shares of Alliant Energy by 1.8% during the third 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. Resonant Capital Advisors LLC grew its stake in shares of Alliant Energy by 4.6% during the first quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company's stock valued at $300,000 after purchasing an additional 184 shares during the last quarter. Finally, Westpac Banking Corp grew its stake in shares of Alliant Energy by 0.9% during the first quarter. Westpac Banking Corp now owns 20,797 shares of the company's stock valued at $1,492,000 after purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Trading Down 0.1%

Shares of NASDAQ LNT opened at $67.92 on Wednesday. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The firm has a market capitalization of $17.61 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.52 and a beta of 0.54. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35. The company's 50 day simple moving average is $72.63 and its 200 day simple moving average is $72.24.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The firm had revenue of $971.00 million during 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%. The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

LNT has been the subject of several research analyst reports. TD Cowen initiated coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They issued a "hold" rating and a $83.00 price objective for the company. BMO Capital Markets decreased their price objective on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a research report on Monday, August 3rd. Mizuho lowered 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. Weiss Ratings downgraded Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $80.00 price target on shares of Alliant Energy in a research note on Thursday, August 27th. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $77.00.

Alliant Energy Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source