Alliant Energy Corporation $LNT Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC decreased its holdings in Alliant Energy Corporation by 5.7%, owning approximately 0.16% of the company, worth $27.14 million after selling 25,520 shares.
• Alliant Energy reported $0.68 earnings per share for the last quarter, exceeding analysts' expectations, and anticipates an annual EPS of 3.23.
• The company declared a quarterly dividend of $0.5075 per share, resulting in an annualized dividend of $2.03 and a yield of 3.0%.

Hsbc Holdings PLC lessened its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 422,960 shares of the company's stock after selling 25,520 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of Alliant Energy worth $27,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Hughes Financial Services LLC purchased a new stake in Alliant Energy during the 1st quarter worth about $27,000. Alpine Bank Wealth Management purchased a new stake in Alliant Energy during the 1st quarter worth about $29,000. Tsfg LLC acquired a new position in Alliant Energy in the first quarter valued at $34,000. TD Private Client Wealth LLC acquired a new position in Alliant Energy in the first quarter valued at $34,000. Finally, First Command Advisory Services Inc. acquired a new position in Alliant Energy in the first quarter valued at $34,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Up 0.1%

Shares of Alliant Energy stock traded up $0.05 during trading hours on Wednesday, reaching $65.76. The stock had a trading volume of 701,851 shares, compared to its average volume of 1,986,734. The firm has a 50 day simple moving average of $63.59 and a two-hundred day simple moving average of $62.44. The firm has a market capitalization of $16.90 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 3.12 and a beta of 0.53. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $67.11.

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

Alliant Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. UBS Group reiterated a "neutral" rating and issued a $67.00 target price (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research note on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Alliant Energy presently has a consensus rating of "Hold" and an average target price 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.