California State Teachers Retirement System Lowers Stock Holdings in Alliant Energy Corporation $LNT

California State Teachers Retirement System lowered its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 2.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 299,868 shares of the company's stock after selling 6,306 shares during the period. California State Teachers Retirement System owned about 0.12% of Alliant Energy worth $22,876,930 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 1.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,273,621 shares of the company's stock valued at $808,996,000 after acquiring an additional 138,683 shares during the period. Jupiter Topco LLC acquired a new position in shares of Alliant Energy in the second quarter worth $837,468,000. Geode Capital Management LLC increased its position in 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 buying an additional 128,998 shares during the period. Cohen & Steers Inc. increased its holdings in shares of Alliant Energy by 41.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company's stock worth $235,004,000 after buying an additional 1,063,268 shares in the last quarter. Finally, Reaves W H & Co. Inc. increased its holdings in Alliant Energy by 71.8% in the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company's stock valued at $198,752,000 after purchasing an additional 1,278,166 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

Shares of LNT stock traded down $0.84 during trading hours on Tuesday, reaching $66.08. 613,062 shares of the company were exchanged, compared to its average volume of 2,447,470. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The stock's fifty day moving average is $71.00 and its two-hundred day moving average is $72.05. The company has a market cap of $17.13 billion, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.83 and a beta of 0.54. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.47 and a quick ratio of 0.35.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.07. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a return on equity of 11.16% and a net margin of 18.45%.The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.68 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts forecast that Alliant Energy Corporation will post 3.42 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Friday, July 31st were given a dividend of $0.535 per share. The ex-dividend date was Friday, July 31st. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.2%. Alliant Energy's dividend payout ratio is currently 67.72%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Alliant Energy from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 28th. Wall Street Zen downgraded shares of Alliant Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday. BMO Capital Markets decreased their target price on Alliant Energy from $80.00 to $78.00 and set an "outperform" rating for the company in a research report on Monday, August 3rd. Mizuho lowered their price target on shares of Alliant Energy from $76.00 to $75.00 and set a "neutral" rating on the stock in a report on Monday, August 3rd. Finally, TD Cowen initiated coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a "hold" rating and a $83.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.00.

Alliant Energy Company Profile

Alliant Energy Corporation is a regulated utility holding company that provides electricity and natural gas services through its operating subsidiaries, Interstate Power and Light Company and Wisconsin Power and Light Company.

The company generates and distributes electricity to residential, commercial, and industrial customers, and provides natural gas distribution services. Its energy portfolio includes a growing mix of renewable generation, along with traditional power-generation resources and transmission and distribution infrastructure.

Alliant Energy primarily serves customers in Wisconsin and Iowa.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.