Assenagon Asset Management S.A. Has $1.52 Million Holdings in Alliant Energy Corporation $LNT

Assenagon Asset Management S.A. lessened its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 91.7% during the first quarter, HoldingsChannel.com reports. The firm owned 21,229 shares of the company’s stock after selling 234,148 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Alliant Energy were worth $1,523,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LNT. Measured Wealth Private Client Group LLC bought a new stake in shares of Alliant Energy in the third quarter valued at approximately $27,000. MRP Capital Investments LLC bought a new position in Alliant Energy during the 3rd quarter worth $35,000. Caitong International Asset Management Co. Ltd increased 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 worth $41,000 after acquiring an additional 445 shares during the period. MUFG Securities EMEA plc acquired a new position in Alliant Energy in the 2nd quarter valued at $46,000. Finally, Quantbot Technologies LP acquired a new position in Alliant Energy in the 3rd quarter valued at $54,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Down 0.7%

Shares of NASDAQ:LNT opened at $75.79 on Thursday. The firm has a market cap of $19.58 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.11 and a beta of 0.55. 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 Corporation has a 12-month low of $60.31 and a 12-month high of $77.36. The business has a fifty day simple moving average of $72.95 and a 200 day simple moving average of $70.36.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate 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 the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $0.83 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Analysts predict that Alliant Energy Corporation will post 3.43 earnings per share for the current year.

Alliant Energy Announces Dividend

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

Wall Street Analyst Weigh In

LNT has been the topic of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a research note on Monday, May 4th. Wall Street Zen raised shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Scotiabank restated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Barclays set a $74.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and an average target price 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.