Alliant Energy Corporation $LNT Shares Sold by Drake & Associates LLC

Drake & Associates LLC lessened its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 31.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LNT. Price T Rowe Associates Inc. MD lifted its holdings in shares of Alliant Energy by 799.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,393,496 shares of the company’s stock worth $545,662,000 after acquiring an additional 7,460,117 shares during the last quarter. Magellan Asset Management Ltd increased its holdings in Alliant Energy by 802.8% in the 3rd quarter. Magellan Asset Management Ltd now owns 1,553,695 shares of the company’s stock valued at $104,735,000 after purchasing an additional 1,381,593 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Alliant Energy in the second quarter valued at approximately $82,265,000. Reaves W H & Co. Inc. raised its position in Alliant Energy by 71.8% in the fourth 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 period. Finally, Cohen & Steers Inc. lifted its stake in Alliant Energy by 41.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after purchasing an additional 1,063,268 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Alliant Energy stock opened at $72.97 on Friday. 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 $59.82 and a 52-week high of $75.76. The firm has a market cap of $18.85 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 2.97 and a beta of 0.56. The company’s 50 day moving average is $72.46 and its two-hundred day moving average is $69.74.

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

Alliant Energy Announces Dividend

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

Wall Street Analyst Weigh In

LNT has been the subject of several research analyst reports. Royal Bank Of Canada initiated coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target for the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Mizuho set a $76.00 target price on Alliant Energy in a research note on Monday, May 4th. BMO Capital Markets set a $81.00 target price on Alliant Energy in a report on Monday, May 4th. Finally, Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Nine equities research 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, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $76.60.

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.