Alliant Energy Corporation $LNT Holdings Reduced by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. decreased its stake in Alliant Energy Corporation by 15.7% in the first quarter, holding 33,658 shares worth approximately $2.17 million.
• Despite some institutional selling, Ameriprise Financial Inc. and other firms have boosted their positions, indicating potential confidence in Alliant Energy's performance.
• Wall Street analysts have upgraded the stock rating of Alliant Energy, with a consensus rating of "Hold" and an average target price of $65.50.

Advisors Asset Management Inc. lowered its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 15.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,658 shares of the company's stock after selling 6,248 shares during the quarter. Advisors Asset Management Inc.'s holdings in Alliant Energy were worth $2,166,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its holdings in Alliant Energy by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,682 shares of the company's stock worth $235,000 after buying an additional 172 shares in the last quarter. Financial Advisors Network Inc. lifted its holdings in Alliant Energy by 4.1% in the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company's stock worth $305,000 after buying an additional 188 shares in the last quarter. Leavell Investment Management Inc. lifted its holdings in Alliant Energy by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company's stock worth $390,000 after buying an additional 200 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in Alliant Energy by 5.9% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock worth $234,000 after buying an additional 201 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in Alliant Energy by 28.9% in the 1st quarter. Larson Financial Group LLC now owns 931 shares of the company's stock worth $60,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of NASDAQ:LNT traded up $0.15 during trading on Friday, reaching $64.81. 235,293 shares of the company's stock traded hands, compared to its average volume of 1,965,966. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $67.11. The company has a 50 day moving average of $64.56 and a 200-day moving average of $62.70. The stock has a market capitalization of $16.65 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, equities analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a $0.5075 dividend. The ex-dividend date was Thursday, July 31st. This represents a $2.03 annualized dividend and a yield of 3.1%. Alliant Energy's dividend payout ratio is 62.65%.

Analyst Ratings Changes

LNT has been the topic of a number of recent analyst reports. BMO Capital Markets restated a "market perform" rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. UBS Group restated a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a research note on Monday, July 7th. Finally, Bank of America upped their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Alliant Energy has an average rating of "Hold" and a consensus price target of $65.50.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.