National Pension Service Sells 380,047 Shares of Alliant Energy Corporation $LNT

Key Points

• The National Pension Service drastically reduced its holdings in Alliant Energy Corporation by 99.8% in the first quarter, leaving it with only 937 shares valued at approximately $60,000.
• Analysts have mixed views on Alliant Energy, with one rating it as a "sell," six as "hold," and four as "buy," leading to an average rating of "Hold" and a price target of $65.50.
• Alliant Energy recently reported a quarterly earnings per share of $0.68, exceeding analysts' expectations, while also declaring a quarterly dividend with a yield of 3.1%.

National Pension Service reduced its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 99.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 937 shares of the company's stock after selling 380,047 shares during the quarter. National Pension Service's holdings in Alliant Energy were worth $60,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Hughes Financial Services LLC bought a new stake in shares of Alliant Energy during the 1st quarter worth $27,000. Alpine Bank Wealth Management bought a new stake in shares of Alliant Energy during the first quarter worth $29,000. TD Private Client Wealth LLC bought a new position in Alliant Energy in the 1st quarter valued at approximately $34,000. First Command Advisory Services Inc. bought a new position in Alliant Energy in the 1st quarter valued at approximately $34,000. Finally, Tsfg LLC bought a new position in Alliant Energy in the 1st quarter valued at approximately $34,000. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LNT shares. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Wolfe Research raised 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 research note on Monday, July 7th. 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 lifted their target price 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. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Stock Up 1.0%

Alliant Energy stock traded up $0.6650 during midday trading on Friday, reaching $66.7750. The stock had a trading volume of 313,577 shares, compared to its average volume of 1,986,661. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $67.02. The company has a market capitalization of $17.16 billion, a P/E ratio of 20.62, a PEG ratio of 3.13 and a beta of 0.53. The company has a fifty day moving average price of $63.25 and a two-hundred day moving average price of $62.28. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results 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 return on equity of 12.25% and a net margin of 20.07%.The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. During the same period in the previous year, the company posted $0.57 EPS. The firm's revenue was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 (DPR) 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.