D.A. Davidson & CO. Has $498,000 Stake in Alliant Energy Corporation $LNT

D.A. Davidson & CO. trimmed its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,230 shares of the company’s stock after selling 377 shares during the period. D.A. Davidson & CO.’s holdings in Alliant Energy were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of LNT. Teacher Retirement System of Texas bought a new stake in Alliant Energy during the first quarter worth about $2,414,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alliant Energy by 19.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock worth $3,566,000 after acquiring an additional 8,959 shares in the last quarter. Ballentine Partners LLC bought a new stake in Alliant Energy during the second quarter worth about $238,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Alliant Energy by 23.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,943 shares of the company’s stock worth $2,173,000 after acquiring an additional 6,759 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co raised its holdings 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 acquiring an additional 52,000 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LNT shares. BMO Capital Markets upped their target price on Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a report on Friday, October 17th. Bank of America upped their target price on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Barclays set a $65.00 target price on Alliant Energy and gave the stock an “underweight” rating in a report on Tuesday, October 14th. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.56.

Alliant Energy Price Performance

NASDAQ:LNT opened at $67.79 on Thursday. 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 moving average price is $66.27 and its two-hundred day moving average price is $63.67. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 20.92, a P/E/G ratio of 3.21 and a beta of 0.54. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $69.75.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating 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 return on equity of 12.25% and a net margin of 20.07%.The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.5075 per share. The ex-dividend date is Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is 62.65%.

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.