Alliant Energy Corporation $LNT Shares Sold by Town & Country Bank & Trust CO dba First Bankers Trust CO

Key Points

• Town & Country Bank & Trust CO reduced its stake in Alliant Energy by 20.6%, owning 20,554 shares valued at $1,243,000 following the sale of 5,328 shares in the second quarter.
• Alliant Energy reported a quarterly EPS of $0.68, exceeding analysts' estimates of $0.62, with revenues reaching $961.00 million, although below expectations of $977.15 million.
• The company declared a quarterly dividend of $0.5075, resulting in an annualized dividend yield of 3.2%, with a payout ratio of 62.65%.

Town & Country Bank & Trust CO dba First Bankers Trust CO lowered its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 20.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,554 shares of the company's stock after selling 5,328 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO's holdings in Alliant Energy were worth $1,243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hughes Financial Services LLC purchased a new position in Alliant Energy in the 1st quarter worth approximately $27,000. Alpine Bank Wealth Management purchased a new position in Alliant Energy in the 1st quarter worth approximately $29,000. Tsfg LLC purchased a new position in Alliant Energy in the 1st quarter worth approximately $34,000. TD Private Client Wealth LLC purchased a new position in Alliant Energy in the 1st quarter worth approximately $34,000. Finally, First Command Advisory Services Inc. purchased a new position in Alliant Energy in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Price Performance

Shares of LNT stock opened at $64.22 on Tuesday. The stock's fifty day simple moving average is $64.86 and its 200 day simple moving average is $62.70. 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 firm has a market cap of $16.50 billion, a price-to-earnings ratio of 19.82, a P/E/G ratio of 3.02 and a beta of 0.54. Alliant Energy Corporation has a one year low of $56.08 and a one year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted 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 analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. 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 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio is 62.65%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. UBS Group restated a "neutral" rating and set a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research note on Monday, July 7th. Wall Street Zen lowered Alliant Energy from a "hold" rating to a "sell" rating in a research report on Saturday. BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Finally, Bank of America increased their target price on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Alliant Energy currently has an average rating of "Hold" and an average target price 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.

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