Vaughan Nelson Investment Management L.P. Cuts Position in Alliant Energy Corporation $LNT

Vaughan Nelson Investment Management L.P. lessened its stake in Alliant Energy Corporation (NASDAQ:LNT) by 52.2% in the second quarter, HoldingsChannel.com reports. The firm owned 612,640 shares of the company’s stock after selling 669,355 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Alliant Energy were worth $37,046,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LNT. Hughes Financial Services LLC purchased a new position in shares of Alliant Energy in the 1st quarter valued at about $27,000. Alpine Bank Wealth Management purchased a new position in shares of Alliant Energy in the 1st quarter valued at about $29,000. Global Trust Asset Management LLC purchased a new position in shares of Alliant Energy in the 2nd quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. Finally, Tsfg LLC acquired a new stake in Alliant Energy in the 1st quarter valued at about $34,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LNT. Weiss Ratings reissued a “buy (b-)” rating on shares of Alliant Energy in a research note on Saturday, September 27th. UBS Group reissued a “neutral” rating and issued a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. BMO Capital Markets reissued a “market perform” rating and issued a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Wolfe Research raised shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective on the stock in a research note on Monday, July 7th. Finally, Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.00.

Alliant Energy Price Performance

Alliant Energy stock opened at $66.80 on Friday. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $67.55. The stock has a market capitalization of $17.17 billion, a P/E ratio of 20.62, a P/E/G ratio of 3.12 and a beta of 0.54. The firm’s 50-day moving average is $65.23 and its two-hundred day moving average is $62.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46.

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

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 62.65%.

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.