Artisan Partners Limited Partnership Sells 12,275 Shares of Alliant Energy Corporation $LNT

Artisan Partners Limited Partnership cut its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 998,563 shares of the company’s stock after selling 12,275 shares during the quarter. Artisan Partners Limited Partnership owned 0.39% of Alliant Energy worth $60,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNT. Private Advisor Group LLC lifted its position in shares of Alliant Energy by 28.8% in the 1st quarter. Private Advisor Group LLC now owns 15,767 shares of the company’s stock worth $1,015,000 after acquiring an additional 3,521 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Alliant Energy by 3.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 19,810 shares of the company’s stock valued at $1,275,000 after purchasing an additional 737 shares during the period. Y Intercept Hong Kong Ltd raised its stake in shares of Alliant Energy by 18.6% in the first quarter. Y Intercept Hong Kong Ltd now owns 14,359 shares of the company’s stock valued at $924,000 after purchasing an additional 2,248 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of Alliant Energy by 9.3% in the first quarter. Wedbush Securities Inc. now owns 7,246 shares of the company’s stock valued at $466,000 after purchasing an additional 615 shares in the last quarter. Finally, AE Wealth Management LLC lifted its position in Alliant Energy by 21.0% in the first quarter. AE Wealth Management LLC now owns 274,603 shares of the company’s stock worth $17,671,000 after purchasing an additional 47,606 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Trading Up 0.4%

Shares of Alliant Energy stock opened at $67.47 on Friday. The stock has a market capitalization of $17.34 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The company has a 50-day simple moving average of $66.99 and a 200 day simple moving average of $64.36. Alliant Energy Corporation has a 12-month low of $56.30 and a 12-month high of $69.75.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. Alliant Energy’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were given a dividend of $0.5075 per share. The ex-dividend date was Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio is 63.84%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a report on Monday. UBS Group upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $74.00 to $79.00 in a research report on Friday, October 24th. Barclays set a $65.00 target price on shares of Alliant Energy and gave the company an “underweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets increased their price target on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research report on Friday, October 17th. Finally, Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Alliant Energy has a consensus rating of “Hold” and a consensus target price of $69.00.

Alliant Energy 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.