NorthRock Partners LLC Purchases 426 Shares of Alliant Energy Corporation $LNT

NorthRock Partners LLC grew its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 6.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,173 shares of the company’s stock after buying an additional 426 shares during the quarter. NorthRock Partners LLC’s holdings in Alliant Energy were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LNT. Hughes Financial Services LLC purchased a new stake in Alliant Energy during the 1st quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Alliant Energy during the first quarter valued at $29,000. Global Trust Asset Management LLC bought a new stake in Alliant Energy in the 2nd quarter worth about $30,000. Bartlett & CO. Wealth Management LLC increased its holdings in Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after buying an additional 222 shares in the last quarter. Finally, Tsfg LLC purchased a new position in Alliant Energy in the 1st quarter worth about $34,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LNT shares. Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an “underweight” rating in a report on Tuesday. Bank of America lifted their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. BMO Capital Markets restated a “market perform” rating and issued a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Finally, Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a report on Monday, July 7th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus price target of $67.22.

Alliant Energy Trading Up 0.4%

Shares of Alliant Energy stock opened at $68.63 on Thursday. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $68.80. The company’s fifty day simple moving average is $65.67 and its 200-day simple moving average is $63.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a market capitalization of $17.64 billion, a PE ratio of 21.18, a P/E/G ratio of 3.22 and a beta of 0.54.

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

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend yield of 3.0%. Alliant Energy’s payout ratio is 62.65%.

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.