Alliant Energy Corporation $LNT Shares Sold by First Trust Advisors LP

First Trust Advisors LP lowered its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 24.3% in the first quarter, Holdings Channel reports. The institutional investor owned 1,133,023 shares of the company’s stock after selling 363,060 shares during the quarter. First Trust Advisors LP’s holdings in Alliant Energy were worth $81,306,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Merit Financial Group LLC raised its position in shares of Alliant Energy by 271.7% during the 4th quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock worth $2,873,000 after purchasing an additional 32,300 shares during the period. Vanguard Group Inc. boosted its position in shares of Alliant Energy by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after buying an additional 383,612 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Alliant Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after buying an additional 167,581 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock valued at $264,458,000 after acquiring an additional 215,188 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Alliant Energy by 23.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 869,740 shares of the company’s stock valued at $56,542,000 after buying an additional 163,165 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on LNT. TD Cowen began coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price for the company. Wall Street Zen cut shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. Barclays set a $74.00 price target on shares of Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Mizuho set a $76.00 price target on Alliant Energy in a research report on Monday, May 4th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research report on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $77.09.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $74.94 on Friday. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The business’s 50 day moving average is $74.16 and its 200-day moving average is $71.57. The firm has a market capitalization of $19.36 billion, a PE ratio of 23.49, a PEG ratio of 2.76 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The business’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. Sell-side analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 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.