Jupiter Topco LLC Invests $837.47 Million in Alliant Energy Corporation $LNT

Key Points

• Jupiter Topco LLC acquired 10.98 million Alliant Energy shares worth approximately $837.5 million, giving it a 4.23% stake. Institutional investors collectively own 79.90% of the utility company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $76.82, despite some recent downgrades.
• Alliant Energy exceeded quarterly expectations with $0.65 in earnings per share versus a $0.58 estimate and $971 million in revenue. The company also maintains a quarterly dividend of $0.535 per share, representing a 3.1% annualized yield.

Jupiter Topco LLC acquired a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,977,426 shares of the company's stock, valued at approximately $837,468,000. Jupiter Topco LLC owned 4.23% of Alliant Energy as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LNT. Vanguard Group Inc. grew its position in Alliant Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company's stock worth $2,196,382,000 after purchasing an additional 383,612 shares during the last quarter. Janus Henderson Group PLC raised its holdings 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 valued at $808,996,000 after buying an additional 138,683 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Alliant Energy by 799.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company's stock valued at $545,662,000 after buying an additional 7,460,117 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Alliant Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company's stock worth $458,071,000 after buying an additional 128,998 shares during the period. Finally, Cohen & Steers Inc. boosted its position in shares of Alliant Energy by 41.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company's stock worth $235,004,000 after buying an additional 1,063,268 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Scotiabank restated a "sector perform" rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. BMO Capital Markets reduced their price target on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Wall Street Zen cut Alliant Energy from a "hold" rating to a "sell" rating in a research note on Sunday, August 9th. Weiss Ratings lowered Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Finally, TD Cowen began coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a "hold" rating and a $83.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Alliant Energy presently has a consensus rating of "Moderate Buy" and an average target price of $76.82.

Alliant Energy Stock Down 0.1%

Shares of LNT stock opened at $68.34 on Wednesday. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81. The stock has a market cap of $17.72 billion, a PE ratio of 21.63, a price-to-earnings-growth ratio of 2.54 and a beta of 0.55. The business's fifty day moving average is $73.14 and its 200-day moving average is $72.21. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating 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 analyst estimates of $896.94 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company'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 expect that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Friday, July 31st were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 31st. Alliant Energy's dividend payout ratio 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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