Everett Harris & Co. CA Buys New Position in Alliant Energy Corporation $LNT

Key Points

• Everett Harris & Co. CA purchased 16,272 shares of Alliant Energy in the second quarter, valued at approximately $1.24 million. Institutional investors collectively own 79.9% of the company.
• Alliant Energy reported quarterly EPS of $0.65, beating estimates of $0.58, while revenue rose 1% year over year to $971 million. The company maintained fiscal 2026 EPS guidance of $3.36–$3.46.
• The utility announced a quarterly dividend of $0.535 per share, equating to a 3.0% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $76.82, compared with the stock’s recent price of $70.60.

Everett Harris & Co. CA purchased a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,272 shares of the company's stock, valued at approximately $1,241,000.

Several other large investors have also added to or reduced their stakes in the stock. Cedar Mountain Advisors LLC bought a new position in Alliant Energy in the 2nd quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy in the 3rd quarter worth about $27,000. Western Wealth Management LLC bought a new stake in shares of Alliant Energy during the 1st quarter valued at about $41,000. Caitong International Asset Management Co. Ltd increased its position in shares of Alliant Energy by 235.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company's stock valued at $41,000 after buying an additional 445 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Alliant Energy during the second quarter valued at about $46,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 0.6%

NASDAQ:LNT opened at $70.60 on Friday. 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 firm's 50-day moving average price is $73.65 and its 200-day moving average price is $72.03. The company has a market capitalization of $18.31 billion, a PE ratio of 22.34, a P/E/G ratio of 2.61 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 quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $896.94 million. During the same period last year, the company posted $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. On average, equities analysts predict 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 will be paid on Monday, August 17th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.535 per share. 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 dividend payout ratio (DPR) is presently 67.72%.

Analyst Upgrades and Downgrades

Several analysts have commented on LNT shares. Scotiabank restated a "sector perform" rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wall Street Zen downgraded Alliant Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. Wells Fargo & Company reissued an "overweight" rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Mizuho decreased their target price on Alliant Energy from $76.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Finally, TD Cowen initiated coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a "hold" rating and a $83.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $76.82.

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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