US Bancorp DE Trims Stock Holdings in Alliant Energy Corporation $LNT

US Bancorp DE trimmed its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 2.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 101,334 shares of the company’s stock after selling 2,873 shares during the period. US Bancorp DE’s holdings in Alliant Energy were worth $6,128,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new position in Alliant Energy during the 1st quarter worth $2,414,000. Sowell Financial Services LLC purchased a new position in Alliant Energy during the 1st quarter worth $316,000. Wealth Enhancement Advisory Services LLC increased its holdings in Alliant Energy by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company’s stock worth $4,220,000 after purchasing an additional 1,198 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Alliant Energy by 19.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock worth $3,566,000 after purchasing an additional 8,959 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in Alliant Energy by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company’s stock worth $1,934,000 after purchasing an additional 800 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Up 0.8%

Alliant Energy stock opened at $67.75 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 3.19 and a beta of 0.54. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $68.52. The business has a fifty day moving average price of $65.54 and a 200-day moving average price of $63.07.

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

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a $0.5075 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

Analyst Upgrades and Downgrades

LNT has been the topic of several research reports. BMO Capital Markets restated 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 set a $74.00 price objective on Alliant Energy and gave the stock a “neutral” rating in a report on Friday. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday, October 8th. Finally, Bank of America lifted their price target on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $66.78.

About Alliant Energy

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.