Magellan Asset Management Ltd bought a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,987,533 shares of the company's stock, valued at approximately $151,629,000. Alliant Energy makes up 3.4% of Magellan Asset Management Ltd's holdings, making the stock its 11th largest position. Magellan Asset Management Ltd owned 0.77% of Alliant Energy at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $26,000. Clearstead Trust LLC bought a new stake in Alliant Energy in the second quarter worth $27,000. Measured Wealth Private Client Group LLC purchased a new stake in Alliant Energy during the third quarter valued at $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Alliant Energy during the second quarter valued at $32,000. Finally, Western Wealth Management LLC purchased a new position in shares of Alliant Energy in the 1st quarter worth $41,000. 79.90% of the stock is owned by institutional investors.
Alliant Energy Stock Performance
Shares of NASDAQ LNT opened at $67.86 on Monday. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.35 and a current ratio of 0.47. The company has a market cap of $17.60 billion, a price-to-earnings ratio of 21.47, a PEG ratio of 2.52 and a beta of 0.55. The business's 50 day moving average price is $73.35 and its 200-day moving average price is $72.18.
Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS 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 company had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. During the same quarter in the prior year, the company posted $0.68 EPS. Alliant Energy's quarterly 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, sell-side analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.
Alliant Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.2%. Alliant Energy's dividend payout ratio is presently 67.72%.
Trending Headlines about Alliant Energy
Here are the key news stories impacting Alliant Energy this week:
- Positive Sentiment: Long-term growth prospects remain favorable: Alliant Energy’s expanding customer base, rising utility demand and planned $13.4 billion capital investment program are expected to support revenue and earnings growth through 2029. Can Customer Growth Support Alliant Energy’s Long-Term Growth?
- Positive Sentiment: Some forward estimates increased: Zacks Research raised its Q4 2026 EPS forecast to $0.74 from $0.68, FY2026 EPS to $3.42 from $3.41, and FY2028 EPS to $4.02 from $3.98. The higher estimates may modestly improve sentiment toward Alliant’s earnings trajectory.
- Neutral Sentiment: Overall earnings outlook remains close to consensus: Zacks projects FY2026 EPS of $3.42, FY2027 EPS of $3.65 and FY2028 EPS of $4.02, compared with the current-year consensus estimate of $3.43. The changes imply gradual growth but are not a major near-term catalyst.
- Negative Sentiment: Several estimates were trimmed: Zacks reduced its Q2 2027 EPS forecast to $0.73 from $0.78, Q3 2027 to $1.26 from $1.27, and FY2027 to $3.65 from $3.68. These cuts may weigh on the stock by signaling some pressure on intermediate-term earnings expectations.
Analyst Ratings Changes
LNT has been the subject of a number of analyst reports. Mizuho lowered their price target on shares of Alliant Energy from $76.00 to $75.00 and set a "neutral" rating for the company in a report on Monday, August 3rd. Scotiabank reaffirmed a "sector perform" rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. BMO Capital Markets dropped their target price on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating for the company in a report on Monday, August 3rd. Wall Street Zen downgraded Alliant Energy from a "hold" rating to a "sell" rating in a research report on Sunday, August 9th. Finally, TD Cowen started coverage on Alliant Energy in a report on Tuesday, July 7th. They set a "hold" rating and a $83.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $76.82.
View Our Latest Research Report on LNT
About Alliant Energy
(
Free Report)
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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