Alliant Energy Corporation $LNT Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 16.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,412,050 shares of the company’s stock after selling 655,912 shares during the quarter. Pictet Asset Management Holding SA owned 1.32% of Alliant Energy worth $244,849,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in Alliant Energy in the 3rd quarter valued at about $27,000. MRP Capital Investments LLC acquired a new stake in shares of Alliant Energy during the third quarter valued at about $35,000. Caitong International Asset Management Co. Ltd boosted its position 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 purchasing an additional 445 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Alliant Energy during the 2nd quarter worth approximately $46,000. Finally, Quantbot Technologies LP acquired a new stake in Alliant Energy in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

LNT has been the subject of a number of research reports. Scotiabank reaffirmed a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research note on Monday, May 4th. Mizuho set a $76.00 target price on Alliant Energy in a research report on Monday, May 4th. Wells Fargo & Company reiterated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research note on Tuesday, April 21st. Royal Bank Of Canada began coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price target on the stock. Finally, Barclays set a $74.00 price target on shares of Alliant Energy and gave the stock an “equal weight” rating in a research note on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $76.60.

Alliant Energy Stock Up 1.4%

Shares of Alliant Energy stock opened at $77.25 on Friday. The company has a market capitalization of $19.95 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.15 and a beta of 0.56. The company has a 50 day moving average of $72.72 and a 200 day moving average of $70.08. Alliant Energy Corporation has a 52-week low of $59.82 and a 52-week high of $77.36. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.Alliant Energy’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. As a group, research analysts forecast that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s payout ratio is currently 67.08%.

About Alliant Energy

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.