Metis Global Partners LLC Sells 1,016 Shares of Alliant Energy Corporation $LNT

Metis Global Partners LLC cut its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 10.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,184 shares of the company’s stock after selling 1,016 shares during the quarter. Metis Global Partners LLC’s holdings in Alliant Energy were worth $555,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Rossby Financial LCC purchased a new position in Alliant Energy during the 2nd quarter worth $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Alliant Energy in the 2nd quarter worth $30,000. Bartlett & CO. Wealth Management LLC grew its position in shares of Alliant Energy by 81.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after buying an additional 222 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Alliant Energy by 84.9% during 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. Finally, First Command Advisory Services Inc. purchased a new position in shares of Alliant Energy during the first quarter valued at $34,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LNT. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Bank of America boosted their price target on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. BMO Capital Markets upped their price target on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research report on Friday, October 17th. UBS Group upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $74.00 to $79.00 in a research note on Friday, October 24th. Finally, Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Alliant Energy Stock Performance

Shares of LNT opened at $68.14 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The firm has a market cap of $17.52 billion, a PE ratio of 21.03, a P/E/G ratio of 3.20 and a beta of 0.57. Alliant Energy Corporation has a 12 month low of $56.30 and a 12 month high of $69.75. The stock has a fifty day moving average price of $66.60 and a 200-day moving average price of $64.11.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be given a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 63.84%.

About Alliant Energy

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.