19,370 Shares in Alliant Energy Corporation $LNT Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,370 shares of the company’s stock, valued at approximately $1,171,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. Goldman Sachs Group Inc. grew its position in Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after acquiring an additional 538,603 shares in the last quarter. Carnegie Investment Counsel purchased a new position in Alliant Energy in the first quarter worth about $34,210,000. HITE Hedge Asset Management LLC purchased a new position in Alliant Energy in the first quarter worth about $19,141,000. Vanguard Group Inc. grew its position in Alliant Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock worth $2,112,110,000 after acquiring an additional 158,507 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its position in Alliant Energy by 60.3% in the first quarter. Adage Capital Partners GP L.L.C. now owns 384,208 shares of the company’s stock worth $24,724,000 after acquiring an additional 144,500 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.7%

Shares of NASDAQ LNT opened at $68.07 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. The firm has a market capitalization of $17.49 billion, a price-to-earnings ratio of 21.01, a PEG ratio of 3.39 and a beta of 0.54. The stock has a 50 day moving average price of $65.75 and a 200 day moving average price of $63.22. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $69.16.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.Alliant Energy’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Sell-side analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be issued a $0.5075 dividend. The ex-dividend date is Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s payout ratio is presently 62.65%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group set a $74.00 price target on Alliant Energy and gave the stock a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Barclays set a $65.00 price objective on Alliant Energy and gave the company an “underweight” rating in a research report on Tuesday. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. Finally, BMO Capital Markets upped their price objective on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $68.00.

Alliant Energy 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.