Forsta AP Fonden Sells 12,900 Shares of Alliant Energy Corporation $LNT

Forsta AP Fonden lessened its position in Alliant Energy Corporation (NASDAQ:LNT) by 21.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,200 shares of the company’s stock after selling 12,900 shares during the period. Forsta AP Fonden’s holdings in Alliant Energy were worth $3,133,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Alliant Energy by 1.1% in 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 in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Alliant Energy by 2.4% in the fourth 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. Geode Capital Management LLC lifted its stake in shares of Alliant Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after buying an additional 128,998 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Alliant Energy by 5.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after buying an additional 215,188 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of Alliant Energy by 2.9% in the third quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock worth $133,453,000 after buying an additional 55,489 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LNT. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Tuesday, April 21st. Royal Bank Of Canada began coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price on the stock. Mizuho set a $76.00 target price on shares of Alliant Energy in a research note on Monday, May 4th. Finally, Barclays set a $74.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Stock Up 2.0%

Shares of Alliant Energy stock opened at $70.96 on Wednesday. The company has a market cap of $18.33 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.84 and a beta of 0.56. The company’s 50 day moving average is $72.11 and its 200 day moving average is $69.35. Alliant Energy Corporation has a twelve month low of $59.62 and a twelve month high of $75.76. 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 (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.82. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Research analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed 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 was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio is 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.