IFP Advisors Inc Raises Holdings in Alliant Energy Corporation $LNT

IFP Advisors Inc boosted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,779 shares of the company’s stock after acquiring an additional 420 shares during the quarter. IFP Advisors Inc’s holdings in Alliant Energy were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Horizon Investments LLC boosted its holdings in Alliant Energy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock valued at $235,000 after acquiring an additional 172 shares during the period. Moss Adams Wealth Advisors LLC boosted its holdings in Alliant Energy by 4.8% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock valued at $230,000 after acquiring an additional 176 shares during the period. Financial Advisors Network Inc. lifted its holdings in Alliant Energy by 4.1% in the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company’s stock worth $305,000 after buying an additional 188 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Alliant Energy by 1.4% in 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, Leavell Investment Management Inc. lifted its holdings in Alliant Energy by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company’s stock worth $390,000 after buying an additional 200 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LNT. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Barclays set a $65.00 price objective on Alliant Energy and gave the stock an “underweight” rating in a report on Tuesday. UBS Group set a $74.00 price objective on Alliant Energy and gave the stock a “neutral” rating in a report on Friday. Bank of America increased their price objective on Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $67.22.

Alliant Energy Stock Up 1.0%

Shares of NASDAQ:LNT opened at $68.33 on Wednesday. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $68.61. The firm has a market capitalization of $17.56 billion, a P/E ratio of 21.09, a P/E/G ratio of 3.18 and a beta of 0.54. The stock has a 50 day moving average price of $65.61 and a 200-day moving average price of $63.14. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities research analysts anticipate 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 Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. The ex-dividend date was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s payout ratio is presently 62.65%.

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.