Alliant Energy Corporation $LNT Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 16.1% during the first quarter, HoldingsChannel reports. The firm owned 3,412,050 shares of the company’s stock after selling 655,912 shares during the period. Pictet Asset Management Holding SA’s holdings in Alliant Energy were worth $244,849,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy during the third quarter worth about $27,000. MRP Capital Investments LLC purchased a new stake in Alliant Energy during the 3rd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Alliant Energy by 235.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares during the period. MUFG Securities EMEA plc purchased a new position in Alliant Energy in the 2nd quarter valued at $46,000. Finally, Quantbot Technologies LP purchased a new position in Alliant Energy in the 3rd quarter valued at $54,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

Alliant Energy stock opened at $77.25 on Friday. Alliant Energy Corporation has a 52 week low of $59.82 and a 52 week high of $77.36. 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’s 50-day simple moving average is $72.72 and its 200 day simple moving average is $70.08. The firm has a market capitalization of $19.95 billion, a PE ratio of 24.22, a P/E/G ratio of 3.15 and a beta of 0.56.

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

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors 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 yield of 2.8%. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LNT. Mizuho set a $76.00 target price on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Royal Bank Of Canada initiated coverage on Alliant Energy in a research note on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a research report on Monday, May 4th. Finally, Barclays set a $74.00 target price on Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $76.60.

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.