Elevated Capital Advisors LLC Sells 11,472 Shares of Alliant Energy Corporation $LNT

Elevated Capital Advisors LLC cut its position in Alliant Energy Corporation (NASDAQ:LNT) by 93.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 821 shares of the company’s stock after selling 11,472 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Alliant Energy were worth $59,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy in the third quarter valued at about $27,000. MRP Capital Investments LLC acquired a new position in shares of Alliant Energy during the 3rd quarter worth about $35,000. Caitong International Asset Management Co. Ltd boosted its stake in Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock valued at $41,000 after purchasing an additional 445 shares during the period. MUFG Securities EMEA plc acquired a new stake in Alliant Energy in the 2nd quarter valued at approximately $46,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Alliant Energy in the 4th quarter valued at approximately $51,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT stock traded up $0.70 during mid-day trading on Friday, reaching $76.40. The stock had a trading volume of 1,680,572 shares, compared to its average volume of 2,266,287. Alliant Energy Corporation has a one year low of $61.61 and a one year high of $78.81. The firm has a market cap of $19.73 billion, a PE ratio of 23.95, a P/E/G ratio of 3.12 and a beta of 0.55. The firm’s 50 day simple moving average is $73.65 and its 200 day simple moving average is $70.90. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.

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

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were paid a $0.535 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.8%. Alliant Energy’s dividend payout ratio is currently 67.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Mizuho set a $76.00 price target on Alliant Energy in a report on Monday, May 4th. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Weiss Ratings upgraded shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday. BMO Capital Markets set a $81.00 price target on shares of Alliant Energy in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.18.

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.