Dockside LLC Invests $3.50 Million in Alliant Energy Corporation $LNT

Key Points

• Dockside LLC purchased 45,906 shares of Alliant Energy in the second quarter, valued at approximately $3.50 million. Institutional investors collectively own 79.9% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $76.82, despite some recent target reductions and a downgrade to “sell” from Wall Street Zen.
• Alliant Energy exceeded quarterly expectations with $0.65 in EPS and $971 million in revenue, while maintaining a quarterly dividend of $0.535 per share, equivalent to a 3.0% yield.

Dockside LLC purchased a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 45,906 shares of the company's stock, valued at approximately $3,502,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tema ETFs LLC lifted its stake in shares of 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 buying an additional 145 shares during the period. Glenmede Investment Management LP increased its stake in Alliant Energy by 0.7% during the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company's stock valued at $1,536,000 after acquiring an additional 153 shares during the period. Quadrant Capital Group LLC increased its stake in Alliant Energy by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company's stock valued at $615,000 after acquiring an additional 158 shares during the period. Apollon Wealth Management LLC raised its holdings in Alliant Energy by 4.8% in the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company's stock valued at $229,000 after acquiring an additional 161 shares in the last quarter. Finally, 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 valued at $209,000 after acquiring an additional 167 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LNT has been the topic of several recent research reports. TD Cowen started coverage on Alliant Energy in a report on Tuesday, July 7th. They set a "hold" rating and a $83.00 price objective on the stock. Mizuho cut 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 cut Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research report 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. Finally, BMO Capital Markets lowered their price target on shares of 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 given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $76.82.

Alliant Energy Trading Up 0.6%

LNT stock opened at $70.60 on Friday. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. 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 business's 50 day moving average is $73.65 and its 200-day moving average is $72.03. The firm has a market cap of $18.31 billion, a P/E ratio of 22.34, a P/E/G ratio of 2.61 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted 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 business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $896.94 million. During the same quarter last year, the company earned $0.68 EPS. Alliant Energy's revenue was up 1.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts anticipate that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, July 31st. Alliant Energy's payout ratio 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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