Assenagon Asset Management S.A. Sells 234,148 Shares of Alliant Energy Corporation $LNT

Assenagon Asset Management S.A. lessened its stake in Alliant Energy Corporation (NASDAQ:LNT) by 91.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,229 shares of the company’s stock after selling 234,148 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Alliant Energy were worth $1,523,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Alliant Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock valued at $2,196,382,000 after purchasing an additional 383,612 shares during the period. Janus Henderson Group PLC lifted its stake in Alliant Energy by 2.1% in the 4th quarter. Janus Henderson Group PLC now owns 11,134,938 shares of the company’s stock valued at $723,882,000 after acquiring an additional 223,793 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in 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 valued at $545,662,000 after acquiring an additional 7,460,117 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Alliant Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock valued at $466,376,000 after acquiring an additional 167,581 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Alliant Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after acquiring an additional 128,998 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.7%

Shares of LNT stock opened at $75.79 on Thursday. Alliant Energy Corporation has a 12-month low of $60.31 and a 12-month high of $77.36. The company has a market capitalization of $19.58 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.11 and a beta of 0.55. The firm has a 50 day moving average price of $72.95 and a two-hundred day moving average price of $70.36. 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 earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The company had revenue of $1.18 billion for 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 for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, 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 announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders 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 dividend yield of 2.8%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LNT shares. BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a report on Monday, May 4th. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Scotiabank reissued a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Royal Bank Of Canada initiated coverage on shares of Alliant Energy in a research note on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective for the company. Finally, Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.