Forsta AP Fonden Trims Stake in Alliant Energy Corporation $LNT

Forsta AP Fonden reduced its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 21.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,200 shares of the company’s stock after selling 12,900 shares during the period. Forsta AP Fonden’s holdings in Alliant Energy were worth $3,133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Alliant Energy during the third quarter valued at approximately $27,000. MRP Capital Investments LLC purchased a new stake in Alliant Energy during the third quarter valued at approximately $35,000. Hantz Financial Services Inc. increased its holdings in 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 buying an additional 403 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Alliant Energy during the third quarter valued at approximately $44,000. Finally, MUFG Securities EMEA plc purchased a new stake in Alliant Energy during the second quarter valued at approximately $46,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Up 2.0%

Shares of LNT stock opened at $70.96 on Wednesday. The company has a market capitalization of $18.33 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 2.84 and a beta of 0.56. Alliant Energy Corporation has a one year low of $59.62 and a one year high of $75.76. The company’s fifty day moving average price is $72.11 and its 200-day moving average price is $69.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data 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 the consensus estimate of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a $0.535 dividend. The ex-dividend date was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 3.0%. Alliant Energy’s payout ratio is presently 67.08%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays set a $74.00 target price on shares of Alliant Energy and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Royal Bank Of Canada started coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective on the stock. BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a research report on Monday, May 4th. Mizuho set a $76.00 price objective on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $76.00 price objective on shares of Alliant Energy in a research report on Tuesday, April 21st. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $76.60.

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.