Chevy Chase Trust Holdings LLC Buys 405 Shares of Alliant Energy Corporation $LNT

Chevy Chase Trust Holdings LLC boosted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 0.3% in the 2nd quarter, Holdings Channel reports. The firm owned 136,182 shares of the company’s stock after acquiring an additional 405 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Alliant Energy were worth $8,235,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in LNT. Goldman Sachs Group Inc. boosted its stake in Alliant Energy by 98.7% in 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 bought a new position in Alliant Energy in the 1st quarter worth about $34,210,000. HITE Hedge Asset Management LLC purchased a new stake in shares of Alliant Energy in the 1st quarter valued at about $19,141,000. Vanguard Group Inc. raised its holdings in shares of Alliant Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock valued at $2,112,110,000 after acquiring an additional 158,507 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in shares of Alliant Energy by 60.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 384,208 shares of the company’s stock valued at $24,724,000 after acquiring an additional 144,500 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $68.59 on Tuesday. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 21.17, a P/E/G 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 Corporation has a 1-year low of $56.08 and a 1-year high of $69.16. The stock’s 50-day moving average is $65.81 and its 200 day moving average is $63.25.

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. 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 posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on the company. BMO Capital Markets raised their price target on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday, October 8th. UBS Group set a $74.00 price target on Alliant Energy and gave the company a “neutral” rating in a report on Friday, October 10th. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Bank of America raised their price target on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and a consensus target price of $68.00.

Alliant Energy Company 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.