First Citizens Bank & Trust Co. Acquires New Stake in Alliant Energy Corporation $LNT

Key Points

• First Citizens Bank & Trust Co. acquired 17,082 shares of Alliant Energy in the third quarter, valued at approximately $1.08 million. Institutional investors and hedge funds collectively own 79.9% of the company.
• Alliant Energy reported quarterly EPS of $0.65, exceeding analysts’ $0.58 estimate, while revenue reached $971 million. The company maintained fiscal 2026 EPS guidance of $3.36–$3.46.
• Shares opened at $67.10, below the analyst consensus price target of $75.09. Analysts collectively rate the stock a “Moderate Buy,” with nine Buy ratings and five Hold ratings.

First Citizens Bank & Trust Co. acquired a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 17,082 shares of the company's stock, valued at approximately $1,081,000.

A number of other hedge funds also recently added to or reduced their stakes in LNT. Jupiter Topco LLC acquired a new position in shares of Alliant Energy in the second quarter valued at approximately $837,468,000. Janus Henderson Group PLC raised its stake in shares of Alliant Energy by 1.2% during the first quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company's stock worth $808,996,000 after purchasing an additional 138,683 shares during the last quarter. Magellan Asset Management Ltd purchased a new stake in shares of Alliant Energy during the second quarter worth approximately $151,629,000. Legal & General Group Plc purchased a new stake in shares of Alliant Energy during the second quarter worth approximately $143,968,000. Finally, Squarepoint Ops LLC lifted its holdings in shares of Alliant Energy by 18.8% during the second quarter. Squarepoint Ops LLC now owns 1,345,323 shares of the company's stock worth $102,635,000 after purchasing an additional 212,421 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Down 0.6%

Alliant Energy stock opened at $67.10 on Friday. The stock's 50 day moving average price is $67.01 and its 200 day moving average price is $71.05. Alliant Energy Corporation has a 1-year low of $62.54 and a 1-year high of $78.81. The company has a market cap of $17.40 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.84 and a beta of 0.52. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data 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 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 quarter in the prior year, the business posted $0.68 earnings per share. Alliant Energy's 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, sell-side analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LNT shares. Mizuho lowered their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Jefferies Financial Group restated a "buy" rating and issued a $75.00 target price on shares of Alliant Energy in a research note on Monday. TD Cowen began coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued 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 report on Tuesday, July 28th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $75.00 price target on shares of Alliant Energy in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, Alliant Energy currently has a consensus rating of "Moderate Buy" and an average target price of $75.09.

About Alliant Energy

Alliant Energy Corporation is a regulated energy holding company headquartered in Madison, Wisconsin. Through its utility subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company, the company provides electric and natural gas service to residential, commercial, and industrial customers in Iowa and Wisconsin.

The company generates and distributes electricity through a diverse portfolio that includes wind, solar, natural gas, and other generation resources. It also operates electric transmission and distribution networks and natural gas distribution systems, while investing in renewable energy and infrastructure modernization to support a more sustainable energy mix and reliable service.

Alliant Energy traces its history to the utility businesses that became part of the company through a series of mergers and reorganizations, including the formation of Alliant Energy Corporation in the late 1990s.

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