Epoch Investment Partners Inc. Reduces Stock Position in Alliant Energy Corporation $LNT

Epoch Investment Partners Inc. cut its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 3.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 211,449 shares of the company’s stock after selling 7,021 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Alliant Energy were worth $15,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Glenmede Investment Management LP grew its holdings in shares of Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock worth $1,536,000 after acquiring an additional 153 shares during the period. Quadrant Capital Group LLC boosted its position in Alliant Energy by 1.8% in the third quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock worth $615,000 after purchasing an additional 158 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of Alliant Energy by 4.8% during the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock valued at $229,000 after purchasing an additional 161 shares during the period. Simplicity Wealth LLC grew its stake in shares of Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock valued at $209,000 after purchasing an additional 167 shares during the period. Finally, Resonant Capital Advisors LLC increased its position in shares of Alliant Energy by 4.6% during the 1st quarter. Resonant Capital Advisors LLC now owns 4,182 shares of the company’s stock valued at $300,000 after purchasing an additional 184 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LNT. Weiss Ratings upgraded shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a research note on Tuesday, July 7th. Mizuho set a $76.00 target price on shares of Alliant Energy in a research report on Monday, May 4th. 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 report on Monday, May 4th. BMO Capital Markets cut their price objective on shares of Alliant Energy from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, TD Cowen began coverage on Alliant Energy in a report on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price on the stock. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Alliant Energy presently has a consensus rating of “Moderate Buy” and an average target price of $77.09.

Alliant Energy Stock Up 0.7%

Shares of LNT stock opened at $74.94 on Friday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53. Alliant Energy Corporation has a one year low of $63.28 and a one year high of $78.81. The company’s fifty day moving average price is $74.16 and its 200-day moving average price is $71.57. The company has a market capitalization of $19.36 billion, a price-to-earnings ratio of 23.49, a PEG ratio of 2.78 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last issued its quarterly 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 return on equity of 11.37% and a net margin of 18.58%.The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business posted $0.83 EPS. Alliant Energy’s revenue for the quarter 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. Sell-side analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

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