Dogwood Wealth Management LLC Sells 4,132 Shares of Alliant Energy Corporation $LNT

Key Points

• Dogwood Wealth Management LLC reduced its holdings in Alliant Energy Corporation by 37.5%, selling 4,132 shares and leaving them with a total of 6,873 shares worth approximately $421,000.
• Alliant Energy's recent quarterly earnings report showed a 0.68 EPS, exceeding analysts' expectations, with a revenue of $961 million.
• The company declared a quarterly dividend of $0.5075, resulting in an annualized dividend yield of 3.0%, with a current payout ratio of 62.65%.

Dogwood Wealth Management LLC cut its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 37.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,873 shares of the company's stock after selling 4,132 shares during the quarter. Dogwood Wealth Management LLC's holdings in Alliant Energy were worth $421,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of LNT. Horizon Investments LLC grew its position in shares of Alliant Energy by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,682 shares of the company's stock valued at $235,000 after acquiring an additional 172 shares during the period. Moss Adams Wealth Advisors LLC grew its position 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 acquiring an additional 176 shares during the period. Financial Advisors Network Inc. grew its position in shares of Alliant Energy by 4.1% in the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company's stock valued at $305,000 after acquiring an additional 188 shares during the period. Exchange Traded Concepts LLC grew its position in shares of Alliant Energy by 1.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 14,412 shares of the company's stock valued at $871,000 after acquiring an additional 193 shares during the period. Finally, Leavell Investment Management Inc. grew its position in shares of Alliant Energy by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company's stock valued at $390,000 after acquiring an additional 200 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.9%

NASDAQ:LNT opened at $67.41 on Wednesday. The firm's fifty day moving average is $65.13 and its 200-day moving average is $62.84. 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 52 week low of $56.08 and a 52 week high of $67.54. The firm has a market cap of $17.32 billion, a P/E ratio of 20.81, a P/E/G ratio of 3.14 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 net margin of 20.07% and a return on equity of 12.25%. The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. During the same period in the prior year, the firm posted $0.57 EPS. The company's quarterly revenue was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LNT. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Sunday. Bank of America lifted their price objective on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Finally, UBS Group reiterated a "neutral" rating and issued a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average 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.

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