SG Americas Securities LLC Lowers Stock Position in Alliant Energy Corporation $LNT

SG Americas Securities LLC reduced its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 7.5% in the first quarter, HoldingsChannel.com reports. The fund owned 89,498 shares of the company’s stock after selling 7,291 shares during the quarter. SG Americas Securities LLC’s holdings in Alliant Energy were worth $6,422,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Alliant Energy in the third quarter worth $27,000. MRP Capital Investments LLC bought a new stake in Alliant Energy during the 3rd quarter valued at $35,000. Caitong International Asset Management Co. Ltd boosted its position 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 valued at $41,000 after buying an additional 445 shares during the period. MUFG Securities EMEA plc purchased a new stake in Alliant Energy during the 2nd quarter valued at $46,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Alliant Energy in the 4th quarter worth $51,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LNT has been the topic of a number of research analyst reports. Royal Bank Of Canada started coverage on Alliant Energy in a report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Tuesday, April 21st. Scotiabank reaffirmed 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. Barclays set a $74.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Finally, BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Alliant Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.60.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $77.25 on Monday. Alliant Energy Corporation has a 12 month low of $59.82 and a 12 month high of $77.36. The firm has a market capitalization of $19.95 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.15 and a beta of 0.56. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $72.72 and a two-hundred day simple moving average of $70.12.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. The firm had revenue of $1.18 billion for 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 company’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, equities analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend 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.