First Business Financial Services Inc. Reduces Stock Position in Alliant Energy Corporation $LNT

First Business Financial Services Inc. lessened its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 65.1% in the fourth quarter, HoldingsChannel reports. The firm owned 5,444 shares of the company’s stock after selling 10,170 shares during the quarter. First Business Financial Services Inc.’s holdings in Alliant Energy were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Measured Wealth Private Client Group LLC purchased a new stake in Alliant Energy during the 3rd quarter worth about $27,000. MRP Capital Investments LLC purchased a new stake in Alliant Energy during the 3rd quarter worth about $35,000. Hantz Financial Services Inc. increased its position in Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after purchasing an additional 403 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in Alliant Energy in the 3rd quarter valued at about $44,000. Finally, MUFG Securities EMEA plc purchased a new stake in Alliant Energy in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

LNT has been the subject of several recent analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Royal Bank Of Canada initiated coverage on Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Finally, Mizuho set a $76.00 price target on Alliant Energy in a report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Stock Performance

NASDAQ LNT opened at $73.00 on Wednesday. The firm has a market capitalization of $18.85 billion, a P/E ratio of 22.88, a P/E/G ratio of 2.94 and a beta of 0.58. Alliant Energy Corporation has a 1-year low of $59.62 and a 1-year high of $75.76. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. The business’s 50-day simple moving average is $71.95 and its 200-day simple moving average is $69.00.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.Alliant Energy’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. 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 Announces Dividend

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

About Alliant Energy

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.