Bahl & Gaynor Inc. Increases Stock Position in Alliant Energy Corporation $LNT

Bahl & Gaynor Inc. boosted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 26.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 601,302 shares of the company’s stock after acquiring an additional 127,201 shares during the quarter. Bahl & Gaynor Inc. owned 0.23% of Alliant Energy worth $36,361,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Alliant Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock valued at $2,013,875,000 after purchasing an additional 481,487 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Alliant Energy by 5.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company’s stock worth $428,252,000 after buying an additional 384,204 shares during the last quarter. Northern Trust Corp lifted its stake in Alliant Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock valued at $157,208,000 after acquiring an additional 30,608 shares during the period. Legal & General Group Plc lifted its stake in Alliant Energy by 6.7% during the 2nd quarter. Legal & General Group Plc now owns 2,368,752 shares of the company’s stock valued at $143,238,000 after acquiring an additional 149,679 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Alliant Energy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company’s stock valued at $146,113,000 after acquiring an additional 17,681 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on LNT. Bank of America lifted their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research note on Monday. BMO Capital Markets raised their target price on shares of Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Finally, Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $69.00.

Alliant Energy Price Performance

Alliant Energy stock opened at $68.27 on Friday. Alliant Energy Corporation has a 52-week low of $56.30 and a 52-week high of $69.75. 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 firm’s fifty day moving average is $67.06 and its 200 day moving average is $64.42. The company has a market cap of $17.55 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.20 and a beta of 0.57.

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

Alliant Energy Dividend Announcement

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