Alliant Energy Corporation $LNT Holdings Boosted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,692 shares of the company’s stock after acquiring an additional 850 shares during the period. Public Employees Retirement System of Ohio’s holdings in Alliant Energy were worth $5,182,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Hughes Financial Services LLC bought a new position in Alliant Energy in the first quarter worth about $27,000. Alpine Bank Wealth Management bought a new position in Alliant Energy in the first quarter worth about $29,000. TD Private Client Wealth LLC bought a new position in Alliant Energy in the first quarter worth about $34,000. First Command Advisory Services Inc. bought a new position in Alliant Energy in the first quarter worth about $34,000. Finally, Tsfg LLC bought a new position in Alliant Energy in the first quarter worth about $34,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $66.78 on Tuesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 3.11 and a beta of 0.54. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $67.11. The stock’s 50 day moving average price is $65.10 and its 200 day moving average price is $62.80.

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

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a $0.5075 dividend. The ex-dividend date was Thursday, July 31st. This represents a $2.03 annualized dividend and a yield of 3.0%. Alliant Energy’s payout ratio is 62.65%.

Analyst Ratings Changes

A number of brokerages have issued reports on LNT. 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 report on Monday, July 7th. Bank of America raised their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. UBS Group reissued a “neutral” rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. 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 report on Monday, August 11th. Finally, Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday. Four equities research 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 MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and an average price target of $65.50.

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.