59,561 Shares in Alliant Energy Corporation $LNT Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. acquired a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 59,561 shares of the company’s stock, valued at approximately $4,015,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LNT. Rossby Financial LCC acquired a new stake in Alliant Energy in the second quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in shares of Alliant Energy during the 2nd quarter worth $30,000. Bartlett & CO. Wealth Management LLC boosted its position in shares of Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after buying an additional 222 shares in the last quarter. Country Trust Bank acquired a new stake in Alliant Energy in the 2nd quarter valued at about $30,000. Finally, First Horizon Advisors Inc. grew its stake in Alliant Energy by 84.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock valued at $31,000 after acquiring an additional 237 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT opened at $65.02 on Friday. Alliant Energy Corporation has a twelve month low of $56.30 and a twelve 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 firm has a market cap of $16.71 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.64 and a beta of 0.67. The company has a fifty day simple moving average of $66.34 and a 200 day simple moving average of $65.57.

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 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 business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. Alliant Energy’s revenue for the quarter 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. Equities research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders 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 dividend yield of 3.1%. Alliant Energy’s dividend payout ratio is currently 63.84%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LNT. BMO Capital Markets upped their price objective 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. UBS Group set a $75.00 price target on Alliant Energy and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Argus reaffirmed a “hold” rating on shares of Alliant Energy in a research report on Friday. Wolfe Research reiterated an “outperform” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Monday, December 1st. Finally, Wall Street Zen lowered 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $70.86.

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.