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

Allspring Global Investments Holdings LLC trimmed its stake in Alliant Energy Corporation (NASDAQ:LNT) by 4.4% in the first quarter, according to its most recent Form 13F filing with the Securities & 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 owned about 0.07% of Alliant Energy worth $12,554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealthfront Advisers LLC raised its position in Alliant Energy by 8.3% during the 1st quarter. Wealthfront Advisers LLC now owns 102,161 shares of the company’s stock worth $7,331,000 after purchasing an additional 7,836 shares during the last quarter. Ethos Financial Group LLC grew its position in shares of Alliant Energy by 13.7% in the 1st quarter. Ethos Financial Group LLC now owns 3,609 shares of the company’s stock valued at $259,000 after buying an additional 434 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in shares of Alliant Energy by 31.9% in the first quarter. Checchi Capital Advisers LLC now owns 4,131 shares of the company’s stock valued at $296,000 after buying an additional 998 shares during the period. Avantax Planning Partners Inc. increased its stake in shares of Alliant Energy by 1.1% in the first quarter. Avantax Planning Partners Inc. now owns 28,451 shares of the company’s stock valued at $2,042,000 after buying an additional 303 shares during the period. Finally, Associated Banc Corp raised its position in shares of Alliant Energy by 24.0% during the first quarter. Associated Banc Corp now owns 10,342 shares of the company’s stock worth $742,000 after acquiring an additional 2,000 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LNT. TD Cowen started coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price objective on the stock. Weiss Ratings raised shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research report on Tuesday, July 7th. Scotiabank restated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Mizuho set a $76.00 price target on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Barclays set a $74.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Nine equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $77.36.

Alliant Energy Stock Performance

LNT stock opened at $73.11 on Wednesday. The firm has a market cap of $18.88 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 3.02 and a beta of 0.55. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average price of $74.00 and a 200-day moving average price of $71.42. Alliant Energy Corporation has a 1-year low of $63.28 and a 1-year high of $78.81.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the company earned $0.83 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, equities research analysts expect that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a $0.535 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s payout ratio is 67.08%.

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.