Alliant Energy Corporation $LNT Shares Sold by Studio Investment Management LLC

Studio Investment Management LLC trimmed its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 1.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 42,612 shares of the company’s stock after selling 580 shares during the period. Studio Investment Management LLC’s holdings in Alliant Energy were worth $2,577,000 at the end of the most recent quarter.

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

Alliant Energy Stock Performance

NASDAQ:LNT opened at $68.22 on Wednesday. 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 firm has a 50-day moving average of $65.88 and a two-hundred day moving average of $63.29. The stock has a market cap of $17.53 billion, a P/E ratio of 21.06, a PEG ratio of 3.24 and a beta of 0.54. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $69.16.

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, beating analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be given a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Alliant Energy’s dividend payout ratio is presently 62.65%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LNT. Barclays set a $65.00 price target on shares of Alliant Energy and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. Wolfe Research raised shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research report on Monday, July 7th. Bank of America upped their price target on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. BMO Capital Markets upped 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, UBS Group set a $74.00 price target on shares of Alliant Energy and gave the stock a “neutral” rating in a research report on Friday, October 10th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alliant Energy presently has an average rating of “Hold” and a consensus target price of $68.00.

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.