Alliant Energy Corporation $LNT Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in Alliant Energy Corporation (NASDAQ:LNT) by 32.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 436,395 shares of the company’s stock after selling 207,817 shares during the period. California Public Employees Retirement System’s holdings in Alliant Energy were worth $31,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in Alliant Energy during the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Alliant Energy by 235.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after acquiring an additional 445 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in shares of Alliant Energy during the 2nd quarter valued at approximately $46,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of Alliant Energy during the 4th quarter valued at approximately $51,000. Finally, Quantbot Technologies LP bought a new position in Alliant Energy during the third quarter worth $54,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 1.1%

Shares of NASDAQ LNT opened at $73.11 on Wednesday. The company has a market cap 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 Corporation has a 12-month low of $63.28 and a 12-month high of $78.81. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The stock’s 50 day simple moving average is $74.00 and its 200 day simple moving average is $71.42.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate 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 was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities research 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. Stockholders of record on Friday, July 31st will be issued 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 dividend yield of 2.9%. Alliant Energy’s payout ratio is 67.08%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wall Street Zen cut shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday. BMO Capital Markets restated an “outperform” rating and issued a $83.00 price target (up from $81.00) on shares of Alliant Energy in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Finally, TD Cowen began coverage on shares of Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.