Bank of New York Mellon Corp Lowers Stock Holdings in Alliant Energy Corporation $LNT

Bank of New York Mellon Corp lowered its position in Alliant Energy Corporation (NASDAQ:LNT) by 13.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,509,506 shares of the company’s stock after selling 231,232 shares during the quarter. Bank of New York Mellon Corp’s holdings in Alliant Energy were worth $108,322,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy during the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Alliant Energy by 235.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after acquiring an additional 445 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Alliant Energy in the second quarter worth about $46,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Alliant Energy during the fourth quarter worth about $51,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Alliant Energy during the third quarter worth about $54,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 1.1%

Shares of LNT opened at $73.96 on Tuesday. The company has a market cap of $19.10 billion, a PE ratio of 23.18, a P/E/G ratio of 3.05 and a beta of 0.55. The business has a fifty day moving average of $73.99 and a 200 day moving average of $71.36. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81. 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 posted its quarterly earnings data 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 company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. Alliant Energy’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, sell-side analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current 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 issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, July 31st. Alliant Energy’s dividend payout ratio is presently 67.08%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LNT. Mizuho set a $76.00 target price on Alliant Energy in a research note on Monday, May 4th. TD Cowen began coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $83.00 price objective (up from $81.00) on shares of Alliant Energy in a report on Wednesday, July 15th. Scotiabank reiterated a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Alliant Energy currently has a consensus rating of “Moderate Buy” and an average target price of $77.36.

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.