Janney Montgomery Scott LLC Has $3.17 Million Holdings in Alliant Energy Corporation $LNT

Janney Montgomery Scott LLC lessened its stake in Alliant Energy Corporation (NASDAQ:LNT) by 37.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,484 shares of the company’s stock after selling 31,331 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Alliant Energy were worth $3,174,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. bought a new stake in Alliant Energy in the 1st quarter valued at $82,496,000. Goldman Sachs Group Inc. grew its holdings in shares of Alliant Energy by 98.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after purchasing an additional 538,603 shares in the last quarter. Carnegie Investment Counsel acquired a new stake in shares of Alliant Energy during the 1st quarter worth $34,210,000. HITE Hedge Asset Management LLC acquired a new stake in shares of Alliant Energy during the 1st quarter worth $19,141,000. Finally, Vanguard Group Inc. grew its holdings in shares of Alliant Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock worth $2,112,110,000 after purchasing an additional 158,507 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. UBS Group reaffirmed a “neutral” rating and issued a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Wolfe Research upgraded Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a research report on Monday, July 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday. Bank of America raised their price objective on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Finally, Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $66.00.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $67.87 on Thursday. The firm has a market capitalization of $17.44 billion, a P/E ratio of 20.95, a P/E/G ratio of 3.20 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. The stock’s 50-day simple moving average is $65.45 and its two-hundred day simple moving average is $63.00. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $68.52.

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

Alliant Energy Dividend Announcement

The firm 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 annualized dividend and a yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is 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.