Intech Investment Management LLC Sells 10,088 Shares of Alliant Energy Corporation $LNT

Intech Investment Management LLC decreased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 40.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,866 shares of the company’s stock after selling 10,088 shares during the quarter. Intech Investment Management LLC’s holdings in Alliant Energy were worth $966,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LNT. Johnson Investment Counsel Inc. lifted its position 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 buying an additional 55,489 shares during the period. Reaves W H & Co. Inc. lifted its position 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 buying an additional 626,410 shares during the period. Merit Financial Group LLC lifted its position 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 buying an additional 32,300 shares during the period. Massachusetts Financial Services Co. MA lifted its position 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 buying an additional 167,581 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in shares of Alliant Energy by 12.3% during the 3rd quarter. Bahl & Gaynor Inc. now owns 675,388 shares of the company’s stock worth $45,528,000 after buying an additional 74,086 shares during the period. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LNT. Wells Fargo & Company restated an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Scotiabank restated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. BMO Capital Markets set a $81.00 target price on Alliant Energy in a research report on Monday, May 4th. Royal Bank Of Canada started coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company. Finally, Barclays set a $74.00 price objective on Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $76.60.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $72.87 on Monday. Alliant Energy Corporation has a 12 month low of $59.62 and a 12 month high of $75.76. The company’s 50-day moving average price is $72.28 and its two-hundred day moving average price is $69.46. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The firm has a market cap of $18.82 billion, a P/E ratio of 22.84, a P/E/G ratio of 2.97 and a beta of 0.56.

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

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.535 per share. The ex-dividend date was Thursday, April 30th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. Alliant Energy’s payout ratio is presently 67.08%.

Alliant Energy Company 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.