Alliant Energy Corporation $LNT Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 31.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 111,762 shares of the company’s stock after selling 51,509 shares during the period. Van ECK Associates Corp’s holdings in Alliant Energy were worth $8,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in LNT. Cedar Mountain Advisors LLC purchased a new stake in Alliant Energy during the second quarter worth $26,000. Clearstead Trust LLC purchased a new position in Alliant Energy in the second quarter valued at $27,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Alliant Energy in the third quarter worth about $27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter worth about $32,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Alliant Energy during the 1st quarter worth about $41,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Down 0.1%

LNT stock opened at $67.92 on Wednesday. Alliant Energy Corporation has a 52 week low of $63.28 and a 52 week high of $78.81. The company has a quick ratio of 0.35, a current ratio of 0.47 and a debt-to-equity ratio of 1.41. The firm has a 50-day simple moving average of $72.63 and a 200-day simple moving average of $72.24. The stock has a market capitalization of $17.61 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.52 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.07. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The firm had revenue of $971.00 million for the quarter, compared to analyst estimates of $896.94 million. During the same period last year, the company posted $0.68 EPS. Alliant Energy’s quarterly revenue was up 1.0% compared to the same quarter last year. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Equities analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 17th. Stockholders of record on Friday, July 31st were given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.72%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Cowen initiated coverage on Alliant Energy in a research report on Tuesday, July 7th. They set a “hold” rating and a $83.00 target price on the stock. Mizuho lowered their price target on Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a research report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price objective on shares of Alliant Energy in a report on Thursday, August 27th. Weiss Ratings cut Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Finally, BMO Capital Markets reduced their target price on Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.00.

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.