Baird Financial Group Inc. Lowers Stock Holdings in Alliant Energy Corporation $LNT

Baird Financial Group Inc. trimmed its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 30.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,929 shares of the company's stock after selling 8,106 shares during the period. Baird Financial Group Inc.'s holdings in Alliant Energy were worth $1,218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Hughes Financial Services LLC purchased a new position in shares of Alliant Energy during the 1st quarter valued at $27,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy in the first quarter worth $29,000. TD Private Client Wealth LLC acquired a new stake in shares of Alliant Energy during the first quarter worth $34,000. First Command Advisory Services Inc. acquired a new stake in Alliant Energy in the 1st quarter valued at $34,000. Finally, Tsfg LLC acquired a new stake in Alliant Energy in the 1st quarter valued at $34,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 0.3%

NASDAQ LNT traded up $0.20 during trading on Friday, hitting $64.86. The company's stock had a trading volume of 1,127,278 shares, compared to its average volume of 1,853,968. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $67.11. The company has a market cap of $16.67 billion, a PE ratio of 20.02, a P/E/G ratio of 3.05 and a beta of 0.54. The business's 50 day simple moving average is $64.62 and its 200-day simple moving average is $62.70.

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, beating analysts' consensus estimates of $0.62 by $0.06. The business had revenue of $961.00 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, equities analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on LNT shares. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Bank of America upped their price objective on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a research note on Monday, July 7th. 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. Finally, Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.