Texas Permanent School Fund Corp Sells 10,971 Shares of Alliant Energy Corporation $LNT

Texas Permanent School Fund Corp lessened its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 38.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,450 shares of the company’s stock after selling 10,971 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Alliant Energy were worth $1,055,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in shares of Alliant Energy during the 2nd quarter valued at approximately $29,000. Bartlett & CO. Wealth Management LLC increased its position in Alliant Energy by 81.6% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after purchasing an additional 222 shares during the last quarter. Global Trust Asset Management LLC purchased a new stake in Alliant Energy during the second quarter valued at $30,000. Country Trust Bank bought a new position in Alliant Energy during the second quarter valued at $30,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Alliant Energy by 84.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock worth $31,000 after buying an additional 237 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on LNT shares. Jefferies Financial Group restated a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a research report on Monday, November 24th. Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a research report on Monday. Bank of America lifted their target price on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Wolfe Research reissued an “outperform” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Monday, December 1st. Finally, Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alliant Energy has an average rating of “Moderate Buy” and a consensus price target of $70.86.

Alliant Energy Stock Up 0.2%

Shares of NASDAQ:LNT opened at $65.42 on Thursday. The firm has a market capitalization of $16.81 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.84 and a beta of 0.66. The business has a 50 day simple moving average of $67.05 and a two-hundred day simple moving average of $65.20. Alliant Energy Corporation has a 1 year low of $56.30 and a 1 year high of $69.75. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.05). Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The business had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, equities analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were given a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is 63.84%.

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.