Delos Wealth Advisors LLC Takes Position in Alliant Energy Corporation $LNT

Key Points

• Delos Wealth Advisors acquired 75,924 shares of Alliant Energy during the second quarter, valued at approximately $5.8 million and representing 3.0% of its portfolio. Institutional investors and hedge funds collectively own 79.9% of LNT.
• Analysts maintain a generally positive outlook, with nine Buy ratings and five Holds, producing a consensus “Moderate Buy” rating and an average price target of $76.82.
• Alliant Energy exceeded quarterly expectations, reporting $0.65 in EPS versus a $0.58 estimate and $971 million in revenue. The company also pays an annualized dividend of $2.14 per share, yielding approximately 3.1%.

Delos Wealth Advisors LLC acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 75,924 shares of the company's stock, valued at approximately $5,792,000. Alliant Energy makes up 3.0% of Delos Wealth Advisors LLC's portfolio, making the stock its 15th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC acquired a new stake in shares of Alliant Energy in the second quarter worth $26,000. Clearstead Trust LLC bought a new stake in shares of Alliant Energy during the 2nd quarter worth $27,000. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy in the 3rd quarter valued at $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Alliant Energy in the 2nd quarter valued at $32,000. Finally, Fortress Financial Group LLC bought a new position in Alliant Energy in the 2nd quarter worth $2,063,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. TD Cowen initiated coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a "hold" rating and a $83.00 target price for the company. Mizuho dropped their price objective on Alliant Energy from $76.00 to $75.00 and set a "neutral" rating on the stock in a research note on Monday, August 3rd. Scotiabank reissued a "sector perform" rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Weiss Ratings downgraded Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Finally, BMO Capital Markets lowered 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 research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Alliant Energy currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.82.

Alliant Energy Stock Performance

LNT opened at $68.34 on Wednesday. The stock's 50 day simple moving average is $73.14 and its 200-day simple moving average is $72.21. 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 cap of $17.72 billion, a PE ratio of 21.63, a P/E/G ratio of 2.54 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.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.58 by $0.07. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm had revenue of $971.00 million during the quarter, compared to analysts' expectations of $896.94 million. During the same period last year, the business earned $0.68 earnings per share. 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. Sell-side analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy's dividend payout ratio (DPR) is presently 67.72%.

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.

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