Alliant Energy Corporation $LNT Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 402,767 shares of the company’s stock after selling 20,599 shares during the period. Hsbc Holdings PLC’s holdings in Alliant Energy were worth $28,884,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LNT. Price T Rowe Associates Inc. MD grew its holdings in Alliant Energy by 799.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock valued at $545,662,000 after purchasing an additional 7,460,117 shares during the period. Balyasny Asset Management L.P. purchased a new position in Alliant Energy during the second quarter worth approximately $82,265,000. Reaves W H & Co. Inc. boosted its holdings in shares of Alliant Energy by 71.8% in the 4th quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after purchasing an additional 1,278,166 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in shares of Alliant Energy by 41.7% in the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock valued at $235,004,000 after purchasing an additional 1,063,268 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Alliant Energy by 92.5% during the 4th quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after buying an additional 867,256 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Down 1.1%

Shares of NASDAQ:LNT opened at $73.11 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81. The company has a 50 day moving average of $74.00 and a two-hundred day moving average of $71.42. The company has a market capitalization of $18.88 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data 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 net margin of 18.58% and a return on equity of 11.37%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The business’s quarterly 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, analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. Scotiabank restated a “sector perform” rating and set 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 target on Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Wall Street Zen lowered Alliant Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. Finally, Weiss Ratings raised Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $77.36.

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.