Alliant Energy Corporation $LNT Stake Boosted by Carnegie Investment Counsel

Carnegie Investment Counsel lifted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 622,821 shares of the company’s stock after purchasing an additional 24,482 shares during the quarter. Alliant Energy comprises 0.8% of Carnegie Investment Counsel’s portfolio, making the stock its 27th largest position. Carnegie Investment Counsel owned approximately 0.24% of Alliant Energy worth $41,984,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. McElhenny Sheffield Capital Management LLC bought a new stake in Alliant Energy in the 2nd quarter valued at about $1,391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Alliant Energy by 19.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock valued at $3,566,000 after purchasing an additional 8,959 shares during the period. Vanguard Group Inc. raised 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 buying an additional 481,487 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Alliant Energy by 4.4% during the second quarter. Advisors Asset Management Inc. now owns 35,147 shares of the company’s stock worth $2,125,000 after buying an additional 1,489 shares during the period. Finally, Dynamic Technology Lab Private Ltd grew its holdings in Alliant Energy by 134.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 31,660 shares of the company’s stock worth $1,914,000 after buying an additional 18,142 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the topic of several analyst reports. UBS Group set a $75.00 target price on Alliant Energy and gave the company a “buy” rating in a research report on Wednesday, December 17th. BMO Capital Markets raised 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. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Bank of America raised their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” 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 stock an “underweight” rating in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.86.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $65.24 on Friday. The company has a 50-day moving average of $66.95 and a 200-day moving average of $65.23. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 20.52, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. Alliant Energy Corporation has a twelve month low of $56.30 and a twelve month high of $69.75.

Alliant Energy (NASDAQ:LNT) last released its 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 for 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 firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were paid a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is currently 63.84%.

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.