SG Americas Securities LLC Sells 7,291 Shares of Alliant Energy Corporation $LNT

SG Americas Securities LLC cut its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 7.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 89,498 shares of the company’s stock after selling 7,291 shares during the quarter. SG Americas Securities LLC’s holdings in Alliant Energy were worth $6,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNT. Glenmede Investment Management LP raised its stake in Alliant Energy by 0.7% during the 3rd quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after buying an additional 153 shares during the period. Quadrant Capital Group LLC grew its holdings in Alliant Energy by 1.8% during the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after buying an additional 158 shares in the last quarter. Apollon Wealth Management LLC raised its position in Alliant Energy by 4.8% in the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock valued at $229,000 after buying an additional 161 shares during the last quarter. Simplicity Wealth LLC raised its position in Alliant Energy by 5.5% in the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after buying an additional 167 shares during the last quarter. Finally, Empowered Funds LLC raised its position in Alliant Energy by 3.0% in the 4th quarter. Empowered Funds LLC now owns 6,443 shares of the company’s stock valued at $419,000 after buying an additional 190 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $77.25 on Monday. 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 stock has a market capitalization of $19.95 billion, a PE ratio of 24.22, a P/E/G ratio of 3.15 and a beta of 0.56. Alliant Energy Corporation has a one year low of $59.82 and a one year high of $77.36. The business’s fifty day moving average price is $72.72 and its 200-day moving average price is $70.12.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $1.18 billion during 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%.The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities research analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.535 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a yield of 2.8%. Alliant Energy’s payout ratio is presently 67.08%.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of analyst reports. Royal Bank Of Canada started coverage on shares of Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a report on Tuesday, April 21st. BMO Capital Markets set a $81.00 price target on shares of Alliant Energy in a research report on Monday, May 4th. Barclays set a $74.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Finally, Mizuho set a $76.00 price objective on shares of Alliant Energy in a research report on Monday, May 4th. Nine 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, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $76.60.

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.