Assenagon Asset Management S.A. Boosts Stake in Alliant Energy Corporation $LNT

Assenagon Asset Management S.A. raised its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 36.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,714 shares of the company’s stock after buying an additional 27,976 shares during the period. Assenagon Asset Management S.A.’s holdings in Alliant Energy were worth $7,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sanders Morris Harris LLC purchased a new position in shares of Alliant Energy in the third quarter valued at approximately $206,000. GAMMA Investing LLC boosted its stake in shares of Alliant Energy by 9.1% in the 3rd quarter. GAMMA Investing LLC now owns 20,746 shares of the company’s stock valued at $1,398,000 after buying an additional 1,733 shares during the period. Corient Private Wealth LLC raised its holdings in Alliant Energy by 3.9% in the second quarter. Corient Private Wealth LLC now owns 36,439 shares of the company’s stock valued at $2,203,000 after acquiring an additional 1,372 shares in the last quarter. Capital A Wealth Management LLC lifted its stake in Alliant Energy by 5,709.1% in the second quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock worth $39,000 after acquiring an additional 628 shares during the last quarter. Finally, Caldwell Trust Co acquired a new position in Alliant Energy during the 2nd quarter worth approximately $94,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $64.63 on Monday. The company has a 50-day simple moving average of $67.23 and a 200-day simple moving average of $65.13. Alliant Energy Corporation has a one year low of $56.30 and a one year high of $69.75. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 2.81 and a beta of 0.66. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 0.83.

Alliant Energy (NASDAQ:LNT) last released its earnings results 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). The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

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 dividend of $0.5075 per share. The ex-dividend date was Friday, October 31st. This represents a $2.03 annualized dividend and a yield of 3.1%. Alliant Energy’s payout ratio is presently 63.84%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LNT shares. Jefferies Financial Group reiterated a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a research note on Monday, November 24th. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 15th. Bank of America raised their target price on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, UBS Group set a $75.00 target price on Alliant Energy and gave the stock a “buy” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.86.

About Alliant Energy

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.