Korea Investment CORP Buys Shares of 127,632 Alliant Energy Corporation $LNT

Key Points

• Korea Investment Corp. acquired 127,632 shares of Alliant Energy in the second quarter, valued at approximately $9.7 million. Institutional investors collectively own 79.9% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $76.82, despite some recent downgrades and neutral ratings.
• Alliant Energy exceeded quarterly expectations, reporting $0.65 in EPS versus $0.58 expected and revenue of $971 million. The company also pays a quarterly dividend of $0.535, equivalent to a 3.1% annualized yield.

Korea Investment CORP bought a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 127,632 shares of the company's stock, valued at approximately $9,737,000.

Several other large investors also recently modified their holdings of LNT. Tema ETFs LLC grew its stake in shares of Alliant Energy by 6.6% in the 2nd quarter. Tema ETFs LLC now owns 2,336 shares of the company's stock worth $178,000 after buying an additional 145 shares in the last quarter. Glenmede Investment Management LP lifted its holdings 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 purchasing an additional 153 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Alliant Energy by 1.8% in the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company's stock valued at $615,000 after purchasing an additional 158 shares during the period. Simplicity Wealth LLC raised its holdings in shares of 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 buying an additional 167 shares during the period. Finally, Resonant Capital Advisors LLC raised its position in Alliant Energy by 4.6% in the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company's stock valued at $300,000 after purchasing an additional 184 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

LNT has been the subject of a number of research analyst reports. Scotiabank reaffirmed a "sector perform" rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Mizuho reduced their price target 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. Wall Street Zen downgraded Alliant Energy from a "hold" rating to a "sell" rating in a report on Sunday, August 9th. TD Cowen started coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They set a "hold" rating and a $83.00 price objective for the company. Finally, Weiss Ratings lowered shares of Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $76.82.

Alliant Energy Trading Up 0.8%

Shares of NASDAQ LNT opened at $68.42 on Tuesday. The stock has a market cap of $17.74 billion, a price-to-earnings ratio of 21.65, a P/E/G ratio of 2.52 and a beta of 0.55. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. 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's fifty day moving average is $73.25 and its 200-day moving average is $72.20.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities research analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were paid a $0.535 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 3.1%. Alliant Energy's dividend payout ratio (DPR) is 67.72%.

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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