Alliant Energy Corporation $LNT Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its holdings in Alliant Energy Corporation by 17.1% during the first quarter, now owning 49,688 shares worth approximately $3.2 million.
• Alliant Energy recently reported earnings of $0.68 EPS, exceeding estimates, despite revenues falling short of projections at $961 million.
• The company announced a quarterly dividend of $0.5075 per share, resulting in an annualized dividend yield of 3.1%.

American Century Companies Inc. cut its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 17.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 49,688 shares of the company's stock after selling 10,276 shares during the quarter. American Century Companies Inc.'s holdings in Alliant Energy were worth $3,197,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LNT. Integrated Wealth Concepts LLC increased its holdings in Alliant Energy by 5.0% during the 4th quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company's stock worth $262,000 after purchasing an additional 211 shares during the period. Kovitz Investment Group Partners LLC purchased a new stake in shares of Alliant Energy during the 4th quarter worth $223,000. Northern Trust Corp boosted its stake in Alliant Energy by 7.9% in the fourth quarter. Northern Trust Corp now owns 2,412,406 shares of the company's stock valued at $142,670,000 after acquiring an additional 177,129 shares in the last quarter. Lido Advisors LLC grew its stake in Alliant Energy by 21.3% during the 4th quarter. Lido Advisors LLC now owns 22,355 shares of the company's stock worth $1,322,000 after buying an additional 3,925 shares during the last quarter. Finally, Utah Retirement Systems boosted its stake in Alliant Energy by 0.5% in the 4th quarter. Utah Retirement Systems now owns 42,394 shares of the company's stock worth $2,507,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LNT. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a report on Monday, July 7th. UBS Group reaffirmed a "neutral" rating and issued a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Bank of America lifted their price objective on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Four investment 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 MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Price Performance

LNT stock traded down $0.41 during mid-day trading on Tuesday, reaching $64.66. 1,701,395 shares of the company's stock were exchanged, compared to its average volume of 1,918,804. 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 12-month low of $56.08 and a 12-month high of $67.11. The stock's 50 day moving average is $64.04 and its 200 day moving average is $62.59. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 3.07 and a beta of 0.54.

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. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business had revenue of $961.00 million during the quarter, compared to analysts' expectations of $977.15 million. During the same period in the previous year, the business earned $0.57 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

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

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.