Van ECK Associates Corp Cuts Holdings in Alliant Energy Corporation $LNT

Van ECK Associates Corp lowered its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 31.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LNT. Cedar Mountain Advisors LLC bought a new position in shares of Alliant Energy in the 2nd quarter worth $26,000. Clearstead Trust LLC bought a new stake in Alliant Energy during the second quarter valued at about $27,000. Measured Wealth Private Client Group LLC bought a new stake in Alliant Energy during the third quarter valued at about $27,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Alliant Energy in the second quarter valued at about $32,000. Finally, Western Wealth Management LLC bought a new position in Alliant Energy in the first quarter worth about $41,000. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. TD Cowen began coverage on shares of Alliant Energy in a research note on Tuesday, July 7th. They set a “hold” rating and a $83.00 price objective for the company. BMO Capital Markets lowered their target price on shares of Alliant Energy from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Monday, August 3rd. Mizuho cut their price target on shares of Alliant Energy from $76.00 to $75.00 and set a “neutral” rating on the stock in a report on Monday, August 3rd. Finally, Weiss Ratings lowered shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Nine equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Alliant Energy has an average rating of “Moderate Buy” and a consensus target price of $77.00.

Alliant Energy Stock Performance

LNT opened at $67.92 on Wednesday. The company has a current ratio of 0.47, a quick ratio of 0.35 and a debt-to-equity ratio of 1.41. Alliant Energy Corporation has a 12-month low of $63.28 and a 12-month high of $78.81. The firm has a 50 day moving average of $72.63 and a two-hundred day moving average of $72.24. The firm has a market capitalization of $17.61 billion, a PE ratio of 21.49, a P/E/G ratio of 2.52 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.58 by $0.07. The business had revenue of $971.00 million for the quarter, compared to the consensus estimate of $896.94 million. Alliant Energy had a net margin of 18.45% and a return on equity of 11.16%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. On average, analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

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

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.