Alliant Energy Corporation $LNT Shares Sold by 1832 Asset Management L.P.

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. reduced its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,436 shares of the company's stock after selling 3,809 shares during the quarter. 1832 Asset Management L.P.'s holdings in Alliant Energy were worth $1,508,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Alliant Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock valued at $2,112,110,000 after buying an additional 158,507 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Alliant Energy by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company's stock worth $636,829,000 after buying an additional 76,987 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Alliant Energy by 1.3% in the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company's stock worth $157,208,000 after purchasing an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alliant Energy by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company's stock worth $146,113,000 after purchasing an additional 17,681 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of Alliant Energy by 3.1% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,872,409 shares of the company's stock worth $120,490,000 after purchasing an additional 56,640 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 up $0.05 during mid-day trading on Friday, hitting $65.07. 1,669,629 shares of the stock traded hands, compared to its average volume of 2,035,713. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 3.07 and a beta of 0.54. The company's 50-day simple moving average is $63.90 and its 200-day simple moving average is $62.55. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57.

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

Alliant Energy Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets reissued a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Bank of America raised their price target on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. UBS Group reissued a "neutral" rating and issued a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Finally, Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. Four equities 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, the company presently has an average rating of "Hold" and an average price target of $65.50.

Alliant Energy 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.