Amalgamated Bank Buys 1,085 Shares of Alliant Energy Corporation $LNT

Amalgamated Bank boosted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,875 shares of the company’s stock after buying an additional 1,085 shares during the period. Amalgamated Bank’s holdings in Alliant Energy were worth $3,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LNT. Horizon Investments LLC raised its position in shares of Alliant Energy by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock worth $235,000 after acquiring an additional 172 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its stake in Alliant Energy by 4.8% in the second quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock worth $230,000 after purchasing an additional 176 shares during the period. Financial Advisors Network Inc. raised its holdings in Alliant Energy by 4.1% in the first quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company’s stock worth $305,000 after purchasing an additional 188 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in Alliant Energy by 1.4% during the second quarter. Exchange Traded Concepts LLC now owns 14,412 shares of the company’s stock valued at $871,000 after buying an additional 193 shares during the period. Finally, Leavell Investment Management Inc. boosted its holdings in shares of Alliant Energy by 3.4% during the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company’s stock valued at $390,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.5%

Shares of NASDAQ LNT opened at $66.47 on Tuesday. The firm’s 50 day moving average price is $66.31 and its 200-day moving average price is $63.82. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $69.75. 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 company has a market cap of $17.08 billion, a PE ratio of 20.52, a P/E/G ratio of 3.20 and a beta of 0.54.

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, topping analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, equities research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed 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. This represents a $2.03 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LNT. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. UBS Group upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $74.00 to $79.00 in a report on Friday, October 24th. Wolfe Research upgraded Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a research note on Monday, July 7th. Finally, BMO Capital Markets raised 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, October 17th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $69.00.

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.