Alliant Energy Corporation $LNT Stock Holdings Lessened by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its stake in Alliant Energy Corporation (NASDAQ:LNT) by 18.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 103,673 shares of the company’s stock after selling 23,657 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Alliant Energy were worth $6,740,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LNT. AQR Capital Management LLC lifted its position in shares of Alliant Energy by 103.8% in the first quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after purchasing an additional 33,978 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after acquiring an additional 538,603 shares in the last quarter. Empowered Funds LLC raised its position in Alliant Energy by 18.8% during the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock valued at $397,000 after acquiring an additional 974 shares in the last quarter. Woodline Partners LP raised its position in Alliant Energy by 40.7% during the first quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock valued at $1,395,000 after acquiring an additional 6,269 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Alliant Energy by 23.5% during the first quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock valued at $81,000 after acquiring an additional 239 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 2.1%

Shares of LNT stock opened at $72.87 on Friday. Alliant Energy Corporation has a 12 month low of $59.62 and a 12 month high of $75.76. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $72.28 and its two-hundred day moving average is $69.45. The company has a market cap of $18.82 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 2.91 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

Analysts Set New Price Targets

LNT has been the topic of several recent research reports. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research report on Tuesday, April 21st. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a research report on Monday, May 4th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.