Alliant Energy Corporation $LNT Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 42.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,378 shares of the company’s stock after selling 12,571 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Alliant Energy were worth $1,130,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy during the 3rd quarter worth $27,000. MRP Capital Investments LLC acquired a new position in shares of Alliant Energy during the third quarter valued at $35,000. Hantz Financial Services Inc. raised its stake in shares of Alliant Energy by 256.7% during the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after purchasing an additional 403 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of Alliant Energy during the third quarter valued at about $44,000. Finally, MUFG Securities EMEA plc acquired a new stake in Alliant Energy in the second quarter worth about $46,000. Institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LNT. Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Tuesday, April 21st. Mizuho set a $76.00 price target on shares of Alliant Energy in a research note on Monday, May 4th. Barclays set a $74.00 price objective on shares of Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. HSBC upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Alliant Energy currently has a consensus rating of “Moderate Buy” and an average price target of $76.60.

Alliant Energy Price Performance

NASDAQ:LNT opened at $72.30 on Thursday. 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’s 50-day moving average price is $71.93 and its 200 day moving average price is $68.89. Alliant Energy Corporation has a 52-week low of $59.57 and a 52-week high of $75.76. The firm has a market cap of $18.67 billion, a P/E ratio of 22.66, a PEG ratio of 2.96 and a beta of 0.58.

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

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, April 30th will be paid a dividend of $0.535 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 3.0%. Alliant Energy’s dividend 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.