Anchor Capital Advisors LLC Sells 10,003 Shares of Alliant Energy Corporation $LNT

Anchor Capital Advisors LLC reduced its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 778,722 shares of the company’s stock after selling 10,003 shares during the quarter. Alliant Energy makes up approximately 1.5% of Anchor Capital Advisors LLC’s holdings, making the stock its 18th biggest position. Anchor Capital Advisors LLC’s holdings in Alliant Energy were worth $50,625,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy in the third quarter valued at about $27,000. MRP Capital Investments LLC acquired a new position in Alliant Energy during the third quarter worth $35,000. Hantz Financial Services Inc. increased its holdings in Alliant Energy by 256.7% during the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after buying an additional 403 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Alliant Energy during the third quarter worth $44,000. Finally, MUFG Securities EMEA plc acquired a new stake in Alliant Energy in the second quarter valued at $46,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

Shares of NASDAQ:LNT opened at $70.96 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The firm has a market cap of $18.33 billion, a PE ratio of 22.24, a PEG ratio of 2.84 and a beta of 0.56. The company’s 50 day moving average price is $72.11 and its two-hundred day moving average price is $69.35. Alliant Energy Corporation has a 12-month low of $59.62 and a 12-month high of $75.76.

Alliant Energy (NASDAQ:LNT) last posted 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 for 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 company’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities research analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio is presently 67.08%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LNT shares. Scotiabank restated a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. BMO Capital Markets set a $81.00 price target on Alliant Energy in a report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Royal Bank Of Canada started coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Company 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.