Hsbc Holdings PLC Sells 72,316 Shares of Alliant Energy Co. (NASDAQ:LNT)

Hsbc Holdings PLC trimmed its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 392,571 shares of the company’s stock after selling 72,316 shares during the period. Hsbc Holdings PLC owned about 0.15% of Alliant Energy worth $19,936,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its stake in shares of Alliant Energy by 10.3% during the 1st quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock worth $533,205,000 after acquiring an additional 984,963 shares during the last quarter. Cohen & Steers Inc. increased its stake in Alliant Energy by 6.2% in the fourth quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock worth $187,325,000 after purchasing an additional 213,522 shares during the period. Mairs & Power Inc. boosted its stake in shares of Alliant Energy by 2.2% during the fourth quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock valued at $162,800,000 after purchasing an additional 67,550 shares during the period. Northern Trust Corp grew its holdings in shares of Alliant Energy by 2.3% in the fourth quarter. Northern Trust Corp now owns 2,491,130 shares of the company’s stock worth $127,795,000 after purchasing an additional 55,131 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in Alliant Energy by 1.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after buying an additional 29,358 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT opened at $59.72 on Friday. The firm has a market capitalization of $15.31 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The business’s 50-day moving average is $57.27 and its two-hundred day moving average is $52.65. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $60.67.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The firm had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. Research analysts anticipate that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.22%. Alliant Energy’s dividend payout ratio is presently 69.82%.

Analyst Ratings Changes

Several research firms have issued reports on LNT. LADENBURG THALM/SH SH raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $62.50 in a research report on Tuesday, August 13th. Scotiabank increased their price objective on Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 20th. Bank of America lifted their target price on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Barclays increased their price target on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Finally, UBS Group lifted their price objective on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Alliant Energy has an average rating of “Hold” and a consensus target price of $60.17.

Alliant Energy Company Profile

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.