Drake & Associates LLC Cuts Position in Alliant Energy Corporation $LNT

Drake & Associates LLC decreased its position in Alliant Energy Corporation (NASDAQ:LNT) by 31.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,819 shares of the company’s stock after selling 12,984 shares during the quarter. Drake & Associates LLC’s holdings in Alliant Energy were worth $1,809,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LNT. Merit Financial Group LLC boosted its stake in Alliant Energy by 271.7% in the fourth quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock valued at $2,873,000 after acquiring an additional 32,300 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Alliant Energy by 2.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after purchasing an additional 167,581 shares in the last quarter. Vanguard Group Inc. increased 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 purchasing an additional 383,612 shares in the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of 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 purchasing an additional 215,188 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in shares of Alliant Energy by 12.3% in the 3rd quarter. Bahl & Gaynor Inc. now owns 675,388 shares of the company’s stock valued at $45,528,000 after purchasing an additional 74,086 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LNT. Royal Bank Of Canada initiated coverage on Alliant Energy in a research note on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target on the stock. Mizuho set a $76.00 price objective on Alliant Energy in a research note on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a report on Monday, May 4th. Finally, Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Stock Up 0.2%

Shares of Alliant Energy stock opened at $72.97 on Friday. Alliant Energy Corporation has a one year low of $59.82 and a one year high of $75.76. The company has a market cap of $18.85 billion, a P/E ratio of 22.87, a PEG ratio of 2.97 and a beta of 0.56. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. The firm has a fifty day moving average of $72.46 and a two-hundred day moving average of $69.74.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting the consensus estimate of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business’s quarterly revenue 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. On average, analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s payout ratio is currently 67.08%.

Alliant Energy Company 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.