Farther Finance Advisors LLC Has $301,000 Holdings in Alliant Energy Corporation $LNT

Farther Finance Advisors LLC lessened its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 15.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,973 shares of the company’s stock after selling 887 shares during the quarter. Farther Finance Advisors LLC’s holdings in Alliant Energy were worth $301,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. UBS Group restated a “neutral” rating and set a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday. Bank of America boosted their price objective on Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Wolfe Research upgraded Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research note on Monday, July 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $65.50.

Alliant Energy Stock Up 1.1%

NASDAQ LNT opened at $66.78 on Tuesday. The business has a fifty day moving average price of $65.10 and a two-hundred day moving average price of $62.80. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $67.11. The stock has a market capitalization of $17.16 billion, a PE ratio of 20.61, a PEG ratio of 3.11 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last announced 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 company 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%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, July 31st. Alliant Energy’s dividend payout ratio 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.