Resolution Capital Ltd Sells 49,172 Shares of Alliant Energy Corporation $LNT

Resolution Capital Ltd lowered its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 24.8% in the first quarter, Holdings Channel reports. The institutional investor owned 149,256 shares of the company’s stock after selling 49,172 shares during the period. Alliant Energy makes up about 0.2% of Resolution Capital Ltd’s portfolio, making the stock its 26th largest position. Resolution Capital Ltd’s holdings in Alliant Energy were worth $10,711,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Empowered Funds LLC increased its position in Alliant Energy by 95.4% during the first quarter. Empowered Funds LLC now owns 12,592 shares of the company’s stock worth $904,000 after acquiring an additional 6,149 shares during the period. Energy Income Partners LLC grew its position in shares of Alliant Energy by 0.9% during the 1st quarter. Energy Income Partners LLC now owns 809,556 shares of the company’s stock worth $58,094,000 after purchasing an additional 7,304 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Alliant Energy by 2.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 643,495 shares of the company’s stock worth $46,191,000 after purchasing an additional 13,085 shares in the last quarter. Infrastructure Capital Advisors LLC increased its holdings in shares of Alliant Energy by 23.5% during the first quarter. Infrastructure Capital Advisors LLC now owns 17,492 shares of the company’s stock worth $1,255,000 after purchasing an additional 3,328 shares during the period. Finally, Excelsior Advisor Network LLC acquired a new stake in shares of Alliant Energy in the first quarter valued at approximately $268,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Scotiabank reiterated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Wall Street Zen cut Alliant Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, July 18th. TD Cowen assumed coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price for the company. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. Finally, Barclays set a $74.00 price target on Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $77.09.

Alliant Energy Stock Performance

NASDAQ LNT opened at $73.79 on Wednesday. The firm’s 50 day simple moving average is $74.21 and its 200 day simple moving average is $71.74. The firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 2.74 and a beta of 0.55. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. Alliant Energy Corporation has a 1 year low of $63.28 and a 1 year high of $78.81.

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

Alliant Energy Announces Dividend

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

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.