Alliant Energy Corporation $LNT Shares Bought by Arvest Bank Trust Division

Arvest Bank Trust Division boosted its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,333 shares of the company’s stock after buying an additional 786 shares during the period. Arvest Bank Trust Division’s holdings in Alliant Energy were worth $2,499,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in shares of Alliant Energy by 98.7% during the first 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 Alliant Energy during the 1st quarter worth $34,210,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Alliant Energy during the first quarter worth $19,141,000. Jennison Associates LLC raised its position in shares of Alliant Energy by 34.2% in the second quarter. Jennison Associates LLC now owns 721,531 shares of the company’s stock valued at $43,631,000 after buying an additional 183,802 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Alliant Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock valued at $2,112,110,000 after buying an additional 158,507 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on LNT shares. UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $74.00 to $79.00 in a research note on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Alliant Energy in a research report on Wednesday, October 8th. BMO Capital Markets increased their price target on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Barclays set a $65.00 price objective on Alliant Energy and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and a consensus price target of $69.00.

Alliant Energy Trading Down 1.1%

Shares of Alliant Energy stock opened at $67.42 on Friday. The stock has a 50 day moving average of $66.66 and a 200 day moving average of $64.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. The firm has a market capitalization of $17.33 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 3.20 and a beta of 0.57. Alliant Energy Corporation has a fifty-two week low of $56.30 and a fifty-two week high of $69.75.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.05). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company earned $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. As a group, research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be given 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 currently 63.84%.

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.