Hsbc Holdings PLC Grows Stake in Alliant Energy Corporation $LNT

Hsbc Holdings PLC raised its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 13.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 457,996 shares of the company's stock after purchasing an additional 55,229 shares during the period. Hsbc Holdings PLC owned 0.18% of Alliant Energy worth $34,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LNT. Jupiter Topco LLC purchased a new position in shares of Alliant Energy during the second quarter valued at approximately $837,468,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company's stock worth $545,662,000 after buying an additional 7,460,117 shares during the period. Magellan Asset Management Ltd purchased a new stake in shares of Alliant Energy in the second quarter worth approximately $151,629,000. Legal & General Group Plc bought a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $143,968,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $82,265,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $67.97 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The company has a market cap of $17.62 billion, a P/E ratio of 21.51, a PEG ratio of 2.86 and a beta of 0.54. The firm's 50 day moving average price is $71.94 and its 200-day moving average price is $72.16. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results 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 net margin of 18.45% and a return on equity of 11.16%. The business had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same period in the previous year, the company earned $0.68 earnings per share. The business's revenue for the quarter 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, sell-side 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 was paid on Monday, August 17th. Investors of record on Friday, July 31st were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy's dividend payout ratio is currently 67.72%.

Analysts Set New Price Targets

LNT has been the topic of a number of research analyst reports. TD Cowen initiated coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a "hold" rating and a $83.00 price target on the stock. Mizuho lowered their price objective on shares of Alliant Energy from $76.00 to $75.00 and set a "neutral" rating for the company in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 28th. Jefferies Financial Group reaffirmed a "buy" rating and set a $80.00 target price on shares of Alliant Energy in a research report on Thursday, August 27th. Finally, Wall Street Zen downgraded shares of Alliant Energy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $77.00.

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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