Cetera Investment Advisers Sells 88,543 Shares of Alliant Energy Corporation $LNT

Cetera Investment Advisers reduced its stake in Alliant Energy Corporation (NASDAQ:LNT) by 30.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 200,413 shares of the company’s stock after selling 88,543 shares during the period. Cetera Investment Advisers’ holdings in Alliant Energy were worth $14,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Signature Equity Partners LLC lifted its stake in shares of Alliant Energy by 26.8% during the 1st quarter. Signature Equity Partners LLC now owns 2,704 shares of the company’s stock worth $194,000 after buying an additional 572 shares during the last quarter. Arvest Bank Trust Division grew its stake in Alliant Energy by 1.3% in the 1st quarter. Arvest Bank Trust Division now owns 28,019 shares of the company’s stock valued at $2,011,000 after buying an additional 357 shares during the last quarter. Westpac Banking Corp raised its holdings in Alliant Energy by 0.9% in the 1st quarter. Westpac Banking Corp now owns 20,797 shares of the company’s stock valued at $1,492,000 after acquiring an additional 187 shares during the period. ABN Amro Investment Solutions raised its holdings in Alliant Energy by 14.2% in the 1st quarter. ABN Amro Investment Solutions now owns 17,058 shares of the company’s stock valued at $1,224,000 after acquiring an additional 2,118 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Alliant Energy by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,383,646 shares of the company’s stock valued at $99,287,000 after acquiring an additional 44,474 shares during the period. 79.90% of the stock is owned by institutional investors.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $73.79 on Wednesday. Alliant Energy Corporation has a twelve month low of $63.28 and a twelve month high of $78.81. 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 company has a 50-day simple moving average of $74.21 and a two-hundred day simple moving average of $71.74. The stock has a market capitalization of $19.06 billion, a price-to-earnings ratio of 23.13, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.82. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s 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 forecast that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, July 31st will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, July 31st. Alliant Energy’s payout ratio is 67.08%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Mizuho set a $76.00 price objective on Alliant Energy in a report on Monday, May 4th. BMO Capital Markets lowered their target price on Alliant Energy from $83.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 22nd. Barclays set a $74.00 price target on Alliant Energy and gave the stock an “equal weight” rating in a report on Wednesday, April 15th. Wall Street Zen downgraded Alliant Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Finally, TD Cowen assumed coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target for the company. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $77.09.

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.