Squarepoint Ops LLC Grows Stock Position in Alliant Energy Corporation $LNT

Key Points

• Squarepoint Ops increased its Alliant Energy stake by 18.8% in the second quarter, acquiring 212,421 additional shares for a total position valued at approximately $102.6 million. Institutional investors collectively own 79.9% of LNT.
• Analysts maintain a generally positive outlook, with nine Buy ratings and five Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $77.
• 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 per share, yielding about 3.1% annually.

Squarepoint Ops LLC grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 18.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,345,323 shares of the company's stock after acquiring an additional 212,421 shares during the quarter. Squarepoint Ops LLC owned about 0.52% of Alliant Energy worth $102,635,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LNT. Cedar Mountain Advisors LLC purchased a new position in shares of Alliant Energy in the second quarter worth about $26,000. Clearstead Trust LLC purchased a new stake in Alliant Energy in the second quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy in the 3rd quarter worth approximately $27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Alliant Energy during the 2nd quarter worth approximately $32,000. Finally, Continuum Advisory LLC purchased a new position in Alliant Energy during the 2nd quarter worth approximately $40,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNT has been the topic of several recent research reports. Weiss Ratings downgraded shares of Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Jefferies Financial Group reissued a "buy" rating and set a $80.00 target price on shares of Alliant Energy in a report on Thursday, August 27th. TD Cowen began coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a "hold" rating and a $83.00 target price for the company. BMO Capital Markets lowered their price target on shares of Alliant Energy from $80.00 to $78.00 and set an "outperform" rating on the stock in a report on Monday, August 3rd. Finally, Mizuho reduced their price objective on Alliant Energy from $76.00 to $75.00 and set a "neutral" rating for the company in a research note on Monday, August 3rd. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $77.00.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $68.61 on Wednesday. The firm has a market cap of $17.79 billion, a PE ratio of 21.71, a PEG ratio of 2.86 and a beta of 0.54. The firm has a fifty day moving average of $71.78 and a 200 day moving average of $72.15. 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 Corporation has a one year low of $63.28 and a one year high of $78.81.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.07. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. Alliant Energy's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, July 31st. Alliant Energy's payout ratio is currently 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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