Fuller & Thaler Asset Management Inc. Decreases Stock Holdings in Alliant Energy Corporation $LNT

Fuller & Thaler Asset Management Inc. cut its stake in Alliant Energy Corporation (NASDAQ:LNT) by 0.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,420 shares of the company’s stock after selling 404 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Alliant Energy were worth $3,309,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hughes Financial Services LLC purchased a new stake in Alliant Energy in the first quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in Alliant Energy in the first quarter valued at $29,000. Tsfg LLC purchased a new stake in Alliant Energy in the first quarter valued at $34,000. TD Private Client Wealth LLC purchased a new stake in Alliant Energy in the first quarter valued at $34,000. Finally, First Command Advisory Services Inc. purchased a new stake in Alliant Energy in the first quarter valued at $34,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $66.33 on Thursday. The company has a 50-day simple moving average of $63.16 and a 200-day simple moving average of $62.23. Alliant Energy Corporation has a one year low of $56.08 and a one year high of $67.02. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. The stock has a market capitalization of $17.04 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 3.12 and a beta of 0.53.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $977.15 million. During the same period in the prior year, the company earned $0.57 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, July 31st. Alliant Energy’s payout ratio is 62.65%.

Analysts Set New Price Targets

LNT has been the subject of a number of research reports. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a “buy” rating in a research report on Tuesday, May 20th. Wolfe Research raised shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research report on Monday, July 7th. Bank of America boosted their price target on shares of Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. UBS Group reaffirmed a “neutral” rating and issued a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $65.50.

Alliant Energy Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.