Alliant Energy Corporation $LNT Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lowered its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 16.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,599 shares of the company’s stock after selling 508 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Alliant Energy were worth $157,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Hughes Financial Services LLC purchased a new position in shares of Alliant Energy during the first quarter valued at $27,000. Alpine Bank Wealth Management bought a new position in Alliant Energy in the 1st quarter valued at $29,000. TD Private Client Wealth LLC acquired a new stake in Alliant Energy during the 1st quarter worth $34,000. First Command Advisory Services Inc. bought a new position in shares of Alliant Energy in the 1st quarter valued at about $34,000. Finally, Tsfg LLC bought a new stake in shares of Alliant Energy in the first quarter valued at approximately $34,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.6%

NASDAQ LNT opened at $64.17 on Friday. The business has a 50 day moving average price of $64.83 and a two-hundred day moving average price of $62.69. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $67.11. The stock has a market cap of $16.49 billion, a PE ratio of 19.81, a P/E/G ratio of 3.00 and a beta of 0.54. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, sell-side analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were given a $0.5075 dividend. The ex-dividend date was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.2%. Alliant Energy’s dividend payout ratio (DPR) is 62.65%.

Analysts Set New Price Targets

LNT has been the subject of several research reports. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday. BMO Capital Markets reaffirmed a “market perform” rating and set a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. UBS Group reissued a “neutral” rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Bank of America boosted their price target on shares of Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Finally, Wolfe Research upgraded shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a report on Monday, July 7th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.50.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.