Grace & White Inc. NY Sells 8,139 Shares of Alliant Energy Corporation $LNT

Grace & White Inc. NY trimmed its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,262 shares of the company’s stock after selling 8,139 shares during the quarter. Grace & White Inc. NY’s holdings in Alliant Energy were worth $3,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Carnegie Investment Counsel lifted its stake in shares of Alliant Energy by 4.1% during the third quarter. Carnegie Investment Counsel now owns 622,821 shares of the company’s stock valued at $41,984,000 after acquiring an additional 24,482 shares during the period. McElhenny Sheffield Capital Management LLC bought a new stake in Alliant Energy during the 2nd quarter worth about $1,391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $3,566,000 after purchasing an additional 8,959 shares during the period. Vanguard Group Inc. boosted its stake in shares of Alliant Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock valued at $2,013,875,000 after purchasing an additional 481,487 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of Alliant Energy by 4.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 35,147 shares of the company’s stock worth $2,125,000 after buying an additional 1,489 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

Shares of LNT opened at $65.55 on Friday. The company has a market cap of $16.85 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.62 and a beta of 0.67. The firm has a 50-day moving average of $66.38 and a 200-day moving average of $65.52. Alliant Energy Corporation has a one year low of $56.30 and a one year high of $69.75. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. As a group, equities analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.03 annualized dividend and a yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is currently 63.84%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LNT shares. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Jefferies Financial Group reissued a “buy” rating and issued a $78.00 price target on shares of Alliant Energy in a research note on Monday, November 24th. UBS Group set a $75.00 price target on shares of Alliant Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Bank of America increased their price objective 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. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Alliant Energy presently has an average rating of “Moderate Buy” and an average price target of $70.86.

Alliant Energy Profile

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.