Roman Butler Fullerton & Co. Has $270,000 Stock Holdings in Alliant Energy Corporation $LNT

Roman Butler Fullerton & Co. lifted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 6.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,151 shares of the company’s stock after acquiring an additional 243 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in Alliant Energy were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Whittier Trust Co. increased its stake in shares of Alliant Energy by 68.9% in the second quarter. Whittier Trust Co. now owns 2,941 shares of the company’s stock worth $178,000 after acquiring an additional 1,200 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Alliant Energy in the second quarter worth $302,000. Spirit of America Management Corp NY increased its stake in shares of Alliant Energy by 12.6% in the second quarter. Spirit of America Management Corp NY now owns 6,250 shares of the company’s stock worth $378,000 after acquiring an additional 700 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in shares of Alliant Energy by 15.8% in the second quarter. Stanley Laman Group Ltd. now owns 4,147 shares of the company’s stock worth $251,000 after acquiring an additional 566 shares during the last quarter. Finally, Hoese & Co LLP increased its stake in shares of Alliant Energy by 3,250.0% in the second quarter. Hoese & Co LLP now owns 1,675 shares of the company’s stock worth $101,000 after acquiring an additional 1,625 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Up 0.1%

LNT stock opened at $68.60 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $69.16. The company has a 50-day moving average of $66.02 and a two-hundred day moving average of $63.39. The stock has a market capitalization of $17.63 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 3.24 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) 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 company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $977.15 million. During the same period in the prior year, the company earned $0.57 earnings per share. The business’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 company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, October 31st. Alliant Energy’s dividend payout ratio is 62.65%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. Wolfe Research raised 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 research report on Monday, July 7th. UBS Group set a $74.00 target price on shares of Alliant Energy and gave the stock a “neutral” rating in a research report on Friday, October 10th. 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 research report on Friday, October 17th. Finally, 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 research report on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $68.00.

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.