California Public Employees Retirement System Has $56.40 Million Holdings in Alliant Energy Corporation $LNT

California Public Employees Retirement System lessened its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 18.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 932,701 shares of the company’s stock after selling 209,528 shares during the quarter. California Public Employees Retirement System owned 0.36% of Alliant Energy worth $56,400,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Rossby Financial LCC acquired a new position in shares of Alliant Energy during the 2nd quarter worth about $29,000. Bartlett & CO. Wealth Management LLC raised its holdings in Alliant Energy by 81.6% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after acquiring an additional 222 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in Alliant Energy during the second quarter valued at approximately $30,000. Country Trust Bank bought a new position in Alliant Energy in the second quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. increased its position in shares of Alliant Energy by 84.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock worth $31,000 after purchasing an additional 237 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LNT. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Bank of America increased their price target on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 17th. BMO Capital Markets boosted their price objective on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Barclays set a $65.00 target price on shares of Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $78.00 price target on shares of Alliant Energy in a report on Monday, November 24th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $70.88.

Alliant Energy Price Performance

Shares of LNT opened at $64.89 on Wednesday. The company’s 50-day moving average is $67.58 and its 200-day moving average is $64.93. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70. The firm has a market capitalization of $16.68 billion, a PE ratio of 20.41, a PEG ratio of 2.82 and a beta of 0.66. Alliant Energy Corporation has a fifty-two week low of $56.30 and a fifty-two week high of $69.75.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.05). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were paid a dividend of $0.5075 per share. The ex-dividend date was Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is 63.84%.

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.