Sumitomo Mitsui Trust Group Inc. Sells 38,172 Shares of Alliant Energy Corporation $LNT

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 6.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 563,892 shares of the company’s stock after selling 38,172 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Alliant Energy were worth $40,465,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LNT. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the 3rd quarter valued at about $27,000. MRP Capital Investments LLC purchased a new stake in shares of Alliant Energy in the third quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Alliant Energy by 235.4% in the fourth 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 in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Alliant Energy in the second quarter valued at approximately $46,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in shares of Alliant Energy during the fourth quarter valued at approximately $51,000. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on LNT. Weiss Ratings upgraded Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Scotiabank reaffirmed a “sector perform” rating and set a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Tuesday, April 21st. TD Cowen assumed coverage on shares of Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Finally, Mizuho set a $76.00 price target on shares of Alliant Energy in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.18.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $76.40 on Monday. The company has a market capitalization of $19.73 billion, a P/E ratio of 23.95, a P/E/G ratio of 3.12 and a beta of 0.55. The business has a fifty day simple moving average of $73.65 and a two-hundred day simple moving average of $70.94. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. Alliant Energy Corporation has a 1 year low of $61.61 and a 1 year high of $78.81.

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

Alliant Energy Dividend Announcement

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

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.