Strs Ohio Invests $2.29 Million in Alliant Energy Corporation $LNT

Strs Ohio bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 35,638 shares of the company’s stock, valued at approximately $2,293,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of Alliant Energy by 23.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock worth $81,000 after acquiring an additional 239 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Alliant Energy by 45.6% during the 1st quarter. Intech Investment Management LLC now owns 33,777 shares of the company’s stock worth $2,174,000 after acquiring an additional 10,574 shares in the last quarter. Integrity Alliance LLC. acquired a new position in Alliant Energy during the first quarter worth approximately $375,000. Ransom Advisory Ltd acquired a new position in Alliant Energy during the first quarter worth approximately $77,000. Finally, Ilmarinen Mutual Pension Insurance Co increased its position in Alliant Energy by 152.9% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 86,000 shares of the company’s stock worth $5,534,000 after buying an additional 52,000 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.2%

Shares of LNT stock opened at $64.73 on Tuesday. The business’s 50 day moving average is $64.67 and its two-hundred day moving average is $62.69. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The company has a market capitalization of $16.63 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same period last year, the business posted $0.57 EPS. The company’s revenue 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 forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 62.65%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a research report on Monday, July 7th. UBS Group reaffirmed a “neutral” rating and set a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a “buy” rating in a research report on Tuesday, May 20th. BMO Capital Markets reaffirmed a “market perform” rating and set a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Finally, Bank of America lifted their price target on Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus price target of $65.50.

Alliant Energy 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.