Credit Agricole S A Has $762,000 Stock Holdings in Alliant Energy Corporation $LNT

Key Points

• Credit Agricole S A reduced its stake in Alliant Energy Corporation (NASDAQ:LNT) by 82.9%, selling 57,249 shares in the first quarter, leaving it with 11,849 shares valued at $762,000.
• Alliant Energy reported earnings of $0.68 per share for the last quarter, exceeding analyst estimates, and had quarterly revenue of $961 million, which was below consensus expectations.
• The company declared a quarterly dividend of $0.5075 per share, reflecting an annual yield of 3.1% with a payoff ratio of 62.65%.

Credit Agricole S A decreased its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 82.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,849 shares of the company's stock after selling 57,249 shares during the period. Credit Agricole S A's holdings in Alliant Energy were worth $762,000 as of its most recent SEC filing.

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

Alliant Energy Price Performance

Shares of NASDAQ LNT traded down $0.78 during trading hours on Thursday, hitting $65.02. 1,626,493 shares of the stock were exchanged, compared to its average volume of 2,070,145. The company's fifty day simple moving average is $63.81 and its two-hundred day simple moving average is $62.50. The company has a market cap of $16.71 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $67.11. 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 (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data 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. The business 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%.Alliant Energy's revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, sell-side analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

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

Analyst Ratings Changes

LNT has been the topic of a number of research reports. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target on the stock in a research note on Monday, July 7th. UBS Group reiterated 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. Finally, Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Alliant Energy presently has an average rating of "Hold" and an average price target of $65.50.

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.