GWN Securities Inc. Trims Holdings in Alliant Energy Corporation $LNT

GWN Securities Inc. trimmed its position in Alliant Energy Corporation (NASDAQ:LNT) by 10.5% during the second quarter, Holdings Channel.com reports. The firm owned 56,384 shares of the company’s stock after selling 6,647 shares during the period. GWN Securities Inc.’s holdings in Alliant Energy were worth $3,421,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. Vanguard Group Inc. raised its position in shares of Alliant Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock valued at $2,112,110,000 after buying an additional 158,507 shares during the last quarter. Northern Trust Corp grew its stake in Alliant Energy by 1.3% in the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock worth $157,208,000 after acquiring an additional 30,608 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Alliant Energy by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company’s stock worth $146,113,000 after acquiring an additional 17,681 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in shares of Alliant Energy by 2.8% during the second quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock worth $116,358,000 after purchasing an additional 51,820 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Alliant Energy by 98.7% during the first 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 last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a report on Friday, October 17th. UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $74.00 to $79.00 in a research note on Friday. Wolfe Research raised shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. Barclays set a $65.00 target price on shares of Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alliant Energy has an average rating of “Moderate Buy” and an average target price of $68.56.

Alliant Energy Stock Performance

Shares of LNT stock opened at $68.86 on Tuesday. The company’s fifty day simple moving average is $66.20 and its 200-day simple moving average is $63.57. Alliant Energy Corporation has a 52 week low of $56.08 and a 52 week high of $69.75. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The company has a market cap of $17.69 billion, a PE ratio of 21.25, a P/E/G ratio of 3.26 and a beta of 0.54.

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 the consensus estimate of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. During the same period in the prior year, the firm earned $0.57 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. 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 year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be given a dividend of $0.5075 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.03 annualized dividend and a yield of 2.9%. Alliant Energy’s payout ratio is 62.65%.

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.