Alliant Energy Corporation $LNT Shares Sold by Magellan Asset Management Ltd

Magellan Asset Management Ltd reduced its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 6.7% during the 1st quarter, HoldingsChannel reports. The fund owned 2,034,446 shares of the company’s stock after selling 145,979 shares during the period. Alliant Energy accounts for 1.9% of Magellan Asset Management Ltd’s portfolio, making the stock its 24th biggest position. Magellan Asset Management Ltd’s holdings in Alliant Energy were worth $145,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy in the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares during the period. MUFG Securities EMEA plc acquired a new stake in Alliant Energy in the second quarter valued at approximately $46,000. Quantbot Technologies LP purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC increased its position in shares of Alliant Energy by 277.8% in the fourth quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock valued at $55,000 after buying an additional 600 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LNT shares. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday. Scotiabank restated 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. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Finally, Weiss Ratings upgraded shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $77.36.

Alliant Energy Stock Performance

NASDAQ LNT opened at $73.11 on Wednesday. The company has a market cap of $18.88 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.55. The stock’s 50 day simple moving average is $74.00 and its 200-day simple moving average is $71.42. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $0.83 earnings per share. The business’s revenue was up 5.0% on a year-over-year basis. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s payout ratio is 67.08%.

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.