1832 Asset Management L.P. Sells 3,809 Shares of Alliant Energy Corporation $LNT

Key Points

• 1832 Asset Management L.P. has reduced its stake in Alliant Energy Corporation (NASDAQ:LNT) by 14.0%, now holding approximately 23,436 shares valued at $1,508,000.
• Analysts maintain a consensus rating of "Hold" for Alliant Energy stock, with target prices ranging from $65.00 to $71.00 set by various firms.
• Alliant Energy recently declared a quarterly dividend of $0.5075 per share, reflecting an annualized yield of 3.1% and a payout ratio of 62.65%.

1832 Asset Management L.P. cut its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 14.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,436 shares of the company's stock after selling 3,809 shares during the period. 1832 Asset Management L.P.'s holdings in Alliant Energy were worth $1,508,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Compound Planning Inc. raised its position in shares of Alliant Energy by 63.5% during the first quarter. Compound Planning Inc. now owns 6,035 shares of the company's stock worth $388,000 after purchasing an additional 2,343 shares during the period. Norinchukin Bank The raised its position in shares of Alliant Energy by 12.5% during the first quarter. Norinchukin Bank The now owns 11,300 shares of the company's stock worth $727,000 after purchasing an additional 1,252 shares during the period. United Asset Strategies Inc. raised its position in shares of Alliant Energy by 31.2% during the first quarter. United Asset Strategies Inc. now owns 78,376 shares of the company's stock worth $5,043,000 after purchasing an additional 18,624 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Alliant Energy during the first quarter worth $3,141,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its position in shares of Alliant Energy by 4.4% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 5,516 shares of the company's stock worth $355,000 after purchasing an additional 234 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Down 1.2%

NASDAQ LNT traded down $0.78 on Thursday, reaching $65.02. The stock had a trading volume of 1,626,493 shares, compared to its average volume of 2,070,145. The business has a 50 day moving average price of $63.81 and a 200 day moving average price of $62.50. 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. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 3.10 and a beta of 0.53.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business's quarterly revenue 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, analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend 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 is currently 62.65%.

Analyst Upgrades and Downgrades

LNT has been the topic of several recent analyst reports. UBS Group reissued a "neutral" rating and set a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. BMO Capital Markets reissued a "market perform" rating and set a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, Bank of America upped their price target on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $65.50.

Alliant Energy Company Profile

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.