Allworth Financial LP Acquires 2,209 Shares of Alliant Energy Corporation $LNT

Allworth Financial LP grew its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 434.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,718 shares of the company’s stock after buying an additional 2,209 shares during the period. Allworth Financial LP’s holdings in Alliant Energy were worth $164,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position 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 valued at $2,112,110,000 after acquiring an additional 158,507 shares during the period. Northern Trust Corp increased its stake in Alliant Energy by 1.3% in the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock valued at $157,208,000 after purchasing an additional 30,608 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alliant Energy by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company’s stock valued at $146,113,000 after purchasing an additional 17,681 shares during the period. Johnson Investment Counsel Inc. boosted its position in shares of Alliant Energy by 2.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock worth $116,358,000 after purchasing an additional 51,820 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position 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. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on LNT. Bank of America boosted their target price on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, October 17th. UBS Group raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $74.00 to $79.00 in a research note on Friday, October 24th. 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 research report on Friday, October 17th. Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Finally, Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alliant Energy has an average rating of “Hold” and an average target price of $69.00.

Alliant Energy Trading Down 0.0%

Shares of Alliant Energy stock opened at $68.09 on Wednesday. The company has a market capitalization of $17.50 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The stock has a fifty day simple moving average of $66.87 and a 200 day simple moving average of $64.32. Alliant Energy Corporation has a 12-month low of $56.30 and a 12-month high of $69.75. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the prior year, the firm earned $1.15 earnings per share. Alliant Energy’s revenue was up 11.9% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were given a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, October 31st. Alliant Energy’s dividend payout ratio is presently 63.84%.

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.