Alliant Energy Corporation $LNT is Liberty One Investment Management LLC’s 6th Largest Position

Liberty One Investment Management LLC lowered its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 513,823 shares of the company’s stock after selling 25,310 shares during the period. Alliant Energy makes up approximately 3.1% of Liberty One Investment Management LLC’s investment portfolio, making the stock its 6th largest position. Liberty One Investment Management LLC’s holdings in Alliant Energy were worth $31,071,000 at the end of the most recent reporting period.

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

Alliant Energy Price Performance

Shares of LNT opened at $68.59 on Tuesday. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $69.16. The firm’s fifty day simple moving average is $65.81 and its 200-day simple moving average is $63.25. The firm has a market capitalization of $17.63 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 3.41 and a beta of 0.54. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. During the same period last year, the business earned $0.57 EPS. The company’s revenue was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

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

Analyst Ratings Changes

LNT has been the subject of a number of research analyst reports. UBS Group set a $74.00 price objective on shares of Alliant Energy and gave the stock a “neutral” rating in a research report on Friday, October 10th. BMO Capital Markets increased their target price on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a report on Friday. Bank of America increased their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. Wolfe Research upgraded shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 target price on the stock in a report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Five equities research 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, Alliant Energy has an average rating of “Hold” and an average target price of $68.00.

About Alliant Energy

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.