Alliant Energy Corporation $LNT Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund trimmed its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 49.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,367 shares of the company’s stock after selling 41,448 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Alliant Energy were worth $3,040,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in Alliant Energy in the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after buying an additional 445 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Alliant Energy in the second quarter valued at approximately $46,000. Quantbot Technologies LP purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC grew its holdings in Alliant Energy by 277.8% during the fourth quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock worth $55,000 after acquiring an additional 600 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on LNT shares. Mizuho set a $76.00 price objective on Alliant Energy in a research report on Monday, May 4th. Scotiabank restated a “sector perform” rating and set a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Wall Street Zen cut shares of Alliant Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings upgraded shares of Alliant Energy from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, July 7th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.36.

Alliant Energy Stock Performance

NASDAQ LNT opened at $74.82 on Monday. The stock has a market cap of $19.32 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 3.05 and a beta of 0.55. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48. The business has a fifty day moving average of $73.96 and a 200-day moving average of $71.30. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, analysts predict 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 will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 31st. Alliant Energy’s payout ratio is presently 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.