Principal Financial Group Inc. Sells 42,074 Shares of Alliant Energy Corporation $LNT

Principal Financial Group Inc. cut its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.5% in the first quarter, Holdings Channel reports. The institutional investor owned 897,535 shares of the company’s stock after selling 42,074 shares during the quarter. Principal Financial Group Inc.’s holdings in Alliant Energy were worth $64,409,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LNT. Glenmede Investment Management LP increased its position in Alliant Energy by 0.7% during the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after acquiring an additional 153 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Alliant Energy by 1.8% during the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after purchasing an additional 158 shares during the period. Apollon Wealth Management LLC raised its position in shares of Alliant Energy by 4.8% during the fourth quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock valued at $229,000 after buying an additional 161 shares during the last quarter. Simplicity Wealth LLC raised its position in shares of Alliant Energy by 5.5% during the fourth quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after buying an additional 167 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in shares of Alliant Energy by 4.6% in the first quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after buying an additional 184 shares during the period. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

NASDAQ LNT opened at $75.75 on Friday. Alliant Energy Corporation has a 1-year low of $62.31 and a 1-year high of $78.81. The company has a 50 day moving average of $73.90 and a 200-day moving average of $71.23. 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 firm has a market cap of $19.56 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 3.04 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.83 EPS. Alliant Energy’s revenue 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. On average, equities analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LNT has been the topic of several research reports. Scotiabank restated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Finally, Weiss Ratings upgraded shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.36.

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.