Alliant Energy Corporation $LNT Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its holdings in Alliant Energy Corporation by 29.6%, now owning 13,941 shares valued at approximately $897,000.
• Alliant Energy reported earnings of $0.68 per share in its latest quarter, exceeding estimates, while its revenue of $961 million was below analyst forecasts.
• The company announced a quarterly dividend of $0.5075 per share, reflecting an annualized dividend yield of 3.1% with a payout ratio of 62.65%.

Gulf International Bank UK Ltd trimmed its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 29.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,941 shares of the company's stock after selling 5,856 shares during the quarter. Gulf International Bank UK Ltd's holdings in Alliant Energy were worth $897,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Dagco Inc. purchased a new stake in shares of Alliant Energy during the first quarter valued at about $186,000. Resona Asset Management Co. Ltd. raised its stake in shares of Alliant Energy by 6.1% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 94,162 shares of the company's stock worth $6,050,000 after acquiring an additional 5,419 shares in the last quarter. HighTower Advisors LLC lifted its position in Alliant Energy by 20.3% during the first quarter. HighTower Advisors LLC now owns 43,308 shares of the company's stock valued at $2,787,000 after acquiring an additional 7,306 shares during the last quarter. Delos Wealth Advisors LLC boosted its stake in Alliant Energy by 0.5% in the first quarter. Delos Wealth Advisors LLC now owns 65,310 shares of the company's stock valued at $4,203,000 after acquiring an additional 306 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its holdings in Alliant Energy by 3.2% in the first quarter. Public Sector Pension Investment Board now owns 68,658 shares of the company's stock worth $4,418,000 after purchasing an additional 2,124 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

LNT traded up $0.6840 during trading on Friday, reaching $66.7940. 313,577 shares of the company's stock were exchanged, compared to its average volume of 1,986,661. 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 1 year low of $56.08 and a 1 year high of $67.02. The company's fifty day simple moving average is $63.25 and its 200-day simple moving average is $62.28. The stock has a market capitalization of $17.16 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The company had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LNT shares. 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 report on Monday, July 7th. 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 reaffirmed a "market perform" rating and issued a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Bank of America boosted their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Four equities 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 company. Based on data from MarketBeat, Alliant Energy presently has a consensus 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.