Alliant Energy Corporation $LNT Shares Sold by Liberty One Investment Management LLC

Key Points

• Liberty One Investment Management LLC reduced its stake in Alliant Energy Corporation by 4.7% during the second quarter, retaining approximately $31 million worth of shares.
• Alliant Energy recently reported earnings of $0.68 per share, exceeding the consensus estimate of $0.62 and marking a 7.5% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.5075 per share, providing a 3.0% dividend yield for stockholders of record by the end of October.

Liberty One Investment Management LLC lessened its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 513,823 shares of the company's stock after selling 25,310 shares during the period. Alliant Energy accounts for approximately 3.1% of Liberty One Investment Management LLC's investment portfolio, making the stock its 6th biggest position. Liberty One Investment Management LLC owned approximately 0.20% of Alliant Energy worth $31,071,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Hughes Financial Services LLC acquired a new position in shares of Alliant Energy during the 1st quarter worth about $27,000. Alpine Bank Wealth Management acquired a new position in shares of Alliant Energy during the 1st quarter worth about $29,000. Global Trust Asset Management LLC acquired a new position in shares of Alliant Energy during the 2nd quarter worth about $30,000. Bartlett & CO. Wealth Management LLC raised its position in shares of Alliant Energy by 81.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company's stock worth $30,000 after purchasing an additional 222 shares during the last quarter. Finally, Tsfg LLC acquired a new position in shares of Alliant Energy during the 1st quarter worth about $34,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Performance

Alliant Energy stock opened at $68.59 on Tuesday. The firm has a 50 day simple moving average of $65.81 and a 200-day simple moving average of $63.25. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $69.16. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 3.41 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 analysts' expectations of $977.15 million. During the same quarter in the prior year, the company posted $0.57 EPS. The business'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. On average, analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a $0.5075 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. Alliant Energy's dividend payout ratio is 62.65%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNT. Weiss Ratings restated a "buy (b-)" rating on shares of Alliant Energy in a research report on Wednesday, October 8th. Bank of America upped their price target on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Sunday, September 28th. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. Finally, Barclays set a $65.00 price objective on shares of Alliant Energy and gave the company an "underweight" rating in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $68.00.

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.

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