Dorsey & Whitney Trust CO LLC Cuts Stake in Alliant Energy Corporation $LNT

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in Alliant Energy by 5.6% during the first quarter, now holding approximately 158,317 shares valued at $10.19 million.
• Alliant Energy reported a net margin of 20.07% and earnings per share of $0.68, exceeding analysts’ expectations for the quarter.
• The company has a dividend yield of 3.1%, with a recent quarterly dividend payment of $0.5075 per share.

Dorsey & Whitney Trust CO LLC lessened its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 5.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 158,317 shares of the company's stock after selling 9,336 shares during the period. Dorsey & Whitney Trust CO LLC owned about 0.06% of Alliant Energy worth $10,188,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

LNT has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. 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 report on Monday, August 11th. UBS Group restated a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Bank of America upped their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a report on Monday, July 7th. 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 MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Stock Performance

NASDAQ:LNT traded down $0.5230 during trading hours on Monday, reaching $66.4470. 512,972 shares of the company's stock were exchanged, compared to its average volume of 1,989,698. The firm has a market capitalization of $17.07 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 3.16 and a beta of 0.53. The company has a 50-day moving average of $63.37 and a 200 day moving average of $62.37. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $961.00 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Research analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid 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 3.1%. Alliant Energy's dividend payout ratio is currently 62.65%.

Alliant Energy Company 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.