Legal & General Group Plc Sells 101,277 Shares of Alliant Energy Corporation $LNT

Legal & General Group Plc lowered its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,205,045 shares of the company’s stock after selling 101,277 shares during the period. Legal & General Group Plc’s holdings in Alliant Energy were worth $143,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $1,314,000. Johnson Investment Counsel Inc. raised its stake in shares of Alliant Energy by 2.9% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 1,979,718 shares of the company’s stock worth $133,453,000 after purchasing an additional 55,489 shares in the last quarter. Reaves W H & Co. Inc. raised its stake in shares of Alliant Energy by 54.3% during the 3rd quarter. Reaves W H & Co. Inc. now owns 1,779,087 shares of the company’s stock worth $119,928,000 after purchasing an additional 626,410 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Alliant Energy by 271.7% during the 4th quarter. Merit Financial Group LLC now owns 44,187 shares of the company’s stock worth $2,873,000 after purchasing an additional 32,300 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Alliant Energy by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after purchasing an additional 167,581 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 2.1%

LNT opened at $72.17 on Friday. Alliant Energy Corporation has a 1-year low of $59.62 and a 1-year high of $75.76. The stock’s fifty day simple moving average is $72.14 and its 200 day simple moving average is $69.31. 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 stock has a market cap of $18.64 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 3.01 and a beta of 0.58.

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

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s dividend payout ratio is currently 67.08%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research note on Tuesday, April 21st. BMO Capital Markets set a $81.00 price target on Alliant Energy in a research note on Monday, May 4th. Royal Bank Of Canada started coverage on Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target on the stock. Barclays set a $74.00 price target on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Finally, Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 9th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Alliant Energy currently has a consensus rating of “Moderate Buy” and an average price target of $76.60.

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.