Intech Investment Management LLC Sells 10,088 Shares of Alliant Energy Corporation $LNT

Intech Investment Management LLC lowered its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 40.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,866 shares of the company’s stock after selling 10,088 shares during the quarter. Intech Investment Management LLC’s holdings in Alliant Energy were worth $966,000 at the end of the most recent reporting period.

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

Alliant Energy Price Performance

NASDAQ:LNT opened at $72.87 on Monday. Alliant Energy Corporation has a 1 year low of $59.62 and a 1 year high of $75.76. 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 stock has a market cap of $18.82 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.97 and a beta of 0.56. The stock has a 50-day moving average price of $72.28 and a two-hundred day moving average price of $69.46.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. The company’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 analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently commented on LNT. Scotiabank reiterated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Mizuho set a $76.00 target price on Alliant Energy in a research note on Monday, May 4th. Royal Bank Of Canada initiated coverage on Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price for the company. Finally, Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.60.

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.