Arvest Investments Inc. Has $1.41 Million Stake in Alliant Energy Corporation $LNT

Arvest Investments Inc. reduced its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 29.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,861 shares of the company’s stock after selling 8,617 shares during the quarter. Arvest Investments Inc.’s holdings in Alliant Energy were worth $1,406,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Centaurus Financial Inc. boosted its position in Alliant Energy by 9.7% during the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock worth $115,000 after purchasing an additional 167 shares during the period. Integrity Alliance LLC. raised its position in shares of Alliant Energy by 3.0% in the second quarter. Integrity Alliance LLC. now owns 6,006 shares of the company’s stock valued at $363,000 after purchasing an additional 173 shares during the period. Moss Adams Wealth Advisors LLC lifted its stake in shares of Alliant Energy by 4.8% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock worth $230,000 after buying an additional 176 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Alliant Energy by 1.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 14,412 shares of the company’s stock worth $871,000 after buying an additional 193 shares during the period. Finally, CFC Planning Co LLC grew its stake in Alliant Energy by 3.7% in the 2nd quarter. CFC Planning Co LLC now owns 5,451 shares of the company’s stock valued at $330,000 after buying an additional 197 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 15th. Wolfe Research reaffirmed an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Monday, December 1st. Jefferies Financial Group reiterated a “buy” rating and set a $78.00 price objective on shares of Alliant Energy in a research report on Monday, November 24th. BMO Capital Markets lifted 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. Finally, UBS Group set a $75.00 price target on shares of Alliant Energy and gave the company a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Alliant Energy has an average rating of “Moderate Buy” and a consensus target price of $70.86.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $64.63 on Monday. The firm has a 50 day moving average of $67.23 and a 200-day moving average of $65.13. 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 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $16.61 billion, a PE ratio of 20.32, a PEG ratio of 2.81 and a beta of 0.66.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.05). Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the business posted $1.15 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, equities research analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently announced 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 3.1%. The ex-dividend date was Friday, October 31st. Alliant Energy’s payout ratio is currently 63.84%.

Alliant Energy Company Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.