Alliant Energy Corporation $LNT Shares Sold by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. reduced its stake in Alliant Energy Corporation by 52.2% during the second quarter, selling 669,355 shares and retaining 612,640 shares valued at about $37 million.
• Several large investors increased their holdings in Alliant Energy, with Bartlett & CO. Wealth Management LLC boosting its stake by 81.6% and Mirae Asset Global Investments increasing its holdings by 9.0%.
• Alliant Energy reported a quarterly EPS of $0.68, exceeding analysts' estimates and showing a 7.5% year-over-year revenue increase, while announcing a quarterly dividend of $0.5075 per share.

Vaughan Nelson Investment Management L.P. decreased its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 52.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 612,640 shares of the company's stock after selling 669,355 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.24% of Alliant Energy worth $37,046,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Alliant Energy by 9.0% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,138 shares of the company's stock valued at $1,943,000 after buying an additional 2,667 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company's stock valued at $30,000 after buying an additional 222 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Alliant Energy by 3.3% in the 2nd quarter. Truist Financial Corp now owns 30,209 shares of the company's stock valued at $1,827,000 after buying an additional 951 shares in the last quarter. LexAurum Advisors LLC boosted its holdings in shares of Alliant Energy by 61.3% in the 2nd quarter. LexAurum Advisors LLC now owns 7,220 shares of the company's stock valued at $437,000 after buying an additional 2,743 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC boosted its holdings in shares of Alliant Energy by 4.8% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company's stock valued at $230,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Up 0.7%

Shares of Alliant Energy stock opened at $66.80 on Friday. The company has a market cap of $17.17 billion, a P/E ratio of 20.62, a PEG ratio of 3.12 and a beta of 0.54. 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 Corporation has a one year low of $56.08 and a one year high of $67.55. The firm has a fifty day moving average of $65.23 and a two-hundred day moving average of $62.91.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. Alliant Energy's quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. 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 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.5075 per share. The ex-dividend date was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. Alliant Energy's dividend payout ratio is presently 62.65%.

Analyst Upgrades and Downgrades

LNT has been the subject of several research reports. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Alliant Energy in a research report on Saturday, September 27th. Bank of America upped their price target on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. UBS Group reiterated a "neutral" rating and issued a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Sunday, September 28th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $66.00.

About Alliant Energy

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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