Allspring Global Investments Holdings LLC Sells 8,035 Shares of Alliant Energy Corporation $LNT

Allspring Global Investments Holdings LLC lowered its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,508 shares of the company’s stock after selling 8,035 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Alliant Energy were worth $12,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy in the 3rd quarter valued at about $27,000. Caitong International Asset Management Co. Ltd raised its stake in Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after buying an additional 445 shares during the period. MUFG Securities EMEA plc acquired a new position in Alliant Energy during the 2nd quarter worth approximately $46,000. Quantbot Technologies LP bought a new position in Alliant Energy in the third quarter worth approximately $54,000. Finally, Sound Income Strategies LLC boosted its holdings in Alliant Energy by 277.8% in the fourth quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock worth $55,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT stock opened at $73.11 on Wednesday. The company has a market capitalization of $18.88 billion, a P/E ratio of 22.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.55. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81. The business has a 50-day simple moving average of $74.00 and a two-hundred day simple moving average of $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 the consensus estimate 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 company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Research analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business 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. The ex-dividend date is Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s dividend payout ratio is 67.08%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LNT. 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. Scotiabank reiterated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. BMO Capital Markets reissued 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. Wall Street Zen lowered shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Finally, Weiss Ratings upgraded shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.36.

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.