Northwestern Mutual Wealth Management Co. Buys Shares of 43,869 Alliant Energy Corporation $LNT

Key Points

• Northwestern Mutual Wealth Management acquired 43,869 shares of Alliant Energy worth approximately $3.35 million. Institutional investors collectively own 79.9% of the company.
• Analysts maintain a generally positive outlook, with Alliant Energy holding a “Moderate Buy” consensus rating and an average price target of $76.82.
• Alliant Energy exceeded quarterly expectations, reporting $0.65 in earnings per share versus the $0.58 estimate and revenue of $971 million. The company also declared a quarterly dividend of $0.535, representing a 3.1% annualized yield.

Northwestern Mutual Wealth Management Co. bought a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 43,869 shares of the company's stock, valued at approximately $3,347,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNT. Vanguard Group Inc. grew its holdings in Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company's stock worth $2,196,382,000 after acquiring an additional 383,612 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Alliant Energy by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company's stock valued at $808,996,000 after purchasing an additional 138,683 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Alliant Energy by 799.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company's stock valued at $545,662,000 after purchasing an additional 7,460,117 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company's stock worth $458,071,000 after purchasing an additional 128,998 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in shares of Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company's stock worth $264,458,000 after purchasing an additional 215,188 shares during the period. Institutional investors own 79.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Scotiabank reiterated a "sector perform" rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Weiss Ratings lowered Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. BMO Capital Markets dropped their target price on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a research report on Monday, August 3rd. Mizuho dropped their target price on Alliant Energy from $76.00 to $75.00 and set a "neutral" rating on the stock in a research report on Monday, August 3rd. Finally, TD Cowen started coverage on Alliant Energy in a report on Tuesday, July 7th. They issued 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 given a Hold rating to the stock. According to MarketBeat.com, Alliant Energy presently has an average rating of "Moderate Buy" and an average price target of $76.82.

Alliant Energy Stock Performance

Shares of LNT stock opened at $68.42 on Tuesday. The business's fifty day simple moving average is $73.25 and its 200-day simple moving average is $72.20. The company has a market cap of $17.74 billion, a PE ratio of 21.65, a PEG ratio of 2.52 and a beta of 0.55. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81.

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 for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The firm had revenue of $971.00 million during the quarter, compared to analysts' expectations of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. 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 paid a $0.535 dividend. The ex-dividend date was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. Alliant Energy's dividend payout ratio (DPR) is 67.72%.

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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