Bleakley Financial Group LLC Buys New Position in Alliant Energy Corporation $LNT

Bleakley Financial Group LLC purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,203 shares of the company’s stock, valued at approximately $755,000.

Several other large investors have also bought and sold shares of the stock. Balyasny Asset Management L.P. bought a new stake in shares of Alliant Energy in the 2nd quarter worth $82,265,000. Reaves W H & Co. Inc. boosted its holdings in Alliant Energy by 54.3% during the third quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock worth $119,928,000 after purchasing an additional 626,410 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Alliant Energy by 98.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after purchasing an additional 538,603 shares in the last quarter. Vanguard Group Inc. increased its stake in Alliant Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock valued at $2,013,875,000 after buying an additional 481,487 shares during the last quarter. Finally, Liberty One Investment Management LLC lifted its position in shares of Alliant Energy by 91.7% during the 3rd quarter. Liberty One Investment Management LLC now owns 984,790 shares of the company’s stock worth $66,389,000 after buying an additional 470,967 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Trading Down 0.5%

Shares of LNT opened at $71.26 on Thursday. Alliant Energy Corporation has a fifty-two week low of $57.09 and a fifty-two week high of $72.25. The business has a 50-day moving average of $67.06 and a 200 day moving average of $66.65. The firm has a market cap of $18.32 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 2.93 and a beta of 0.67. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.70 and a current ratio of 0.80.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, February 19th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $673.11 million. During the same quarter last year, the business earned $0.70 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were given a dividend of $0.535 per share. This is an increase from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Friday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 67.94%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LNT shares. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 29th. Wells Fargo & Company restated an “overweight” rating and issued a $75.00 price objective on shares of Alliant Energy in a research note on Sunday. Mizuho set a $73.00 target price on Alliant Energy in a research report on Monday. Finally, Barclays raised shares of Alliant Energy from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $65.00 to $67.00 in a report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.50.

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.