EP Wealth Advisors LLC Invests $207,000 in Alliant Energy Corporation $LNT

EP Wealth Advisors LLC bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,214 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in Alliant Energy during the 1st quarter worth about $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Alliant Energy in the first quarter worth about $29,000. Tsfg LLC acquired a new stake in Alliant Energy during the first quarter worth about $34,000. TD Private Client Wealth LLC purchased a new position in Alliant Energy during the first quarter valued at approximately $34,000. Finally, First Command Advisory Services Inc. purchased a new position in Alliant Energy during the first quarter valued at approximately $34,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNT has been the topic of several recent research reports. UBS Group restated a “neutral” rating and issued a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a “buy” rating in a report on Tuesday, May 20th. Wolfe Research raised shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 target price on the stock in a research note on Monday, July 7th. Finally, Bank of America lifted their price target on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Alliant Energy has an average rating of “Hold” and an average target price of $65.50.

Alliant Energy Stock Performance

LNT opened at $64.01 on Wednesday. The firm’s fifty day simple moving average is $64.43 and its two-hundred day simple moving average is $62.68. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $67.11. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 3.02 and a beta of 0.54. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.5075 dividend. The ex-dividend date was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.2%. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

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.