Dorsey & Whitney Trust CO LLC Trims Stock Position 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 cut its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 5.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 158,317 shares of the company's stock after selling 9,336 shares during the quarter. Dorsey & Whitney Trust CO LLC owned about 0.06% of Alliant Energy worth $10,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LNT. Hughes Financial Services LLC purchased a new position in Alliant Energy during the first quarter worth about $27,000. Alpine Bank Wealth Management purchased a new position in Alliant Energy during the first quarter worth about $29,000. Tsfg LLC purchased a new position in Alliant Energy during the first quarter worth about $34,000. TD Private Client Wealth LLC purchased a new position in Alliant Energy during the first quarter worth about $34,000. Finally, First Command Advisory Services Inc. purchased a new position in Alliant Energy during the first quarter worth about $34,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LNT shares. BMO Capital Markets restated a "market perform" rating and issued a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Bank of America raised their price objective on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Wolfe Research upgraded 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 restated 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, Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their price objective for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Price Performance

LNT stock opened at $66.02 on Wednesday. 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 1 year low of $56.08 and a 1 year high of $66.76. The firm has a market cap of $16.97 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 3.04 and a beta of 0.53. The stock has a 50-day simple moving average of $63.05 and a 200-day simple moving average of $62.20.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share 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 firm had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. During the same quarter last year, the firm earned $0.57 EPS. Alliant Energy'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. On average, equities analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. 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 is 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.

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