Impact Partnership Wealth LLC Has $366,000 Position in Alliant Energy Corporation $LNT

Impact Partnership Wealth LLC reduced its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 15.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,055 shares of the company’s stock after selling 1,072 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Alliant Energy were worth $366,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in LNT. Hughes Financial Services LLC acquired a new stake in shares of Alliant Energy during the first quarter worth approximately $27,000. Rossby Financial LCC bought a new position in Alliant Energy during the second quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new position in Alliant Energy during the second quarter valued at approximately $30,000. Bartlett & CO. Wealth Management LLC raised its position in Alliant Energy by 81.6% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock valued at $30,000 after acquiring an additional 222 shares in the last quarter. Finally, TD Private Client Wealth LLC bought a new position in Alliant Energy during the first quarter valued at approximately $34,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.2%

NASDAQ:LNT opened at $67.93 on Friday. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $69.75. The firm has a market cap of $17.46 billion, a price-to-earnings ratio of 20.97, a P/E/G ratio of 3.20 and a beta of 0.54. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The company’s 50 day moving average is $66.30 and its 200-day moving average is $63.70.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS 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 analyst estimates of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities 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. Shareholders of record on Friday, October 31st will be given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 62.65%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on LNT shares. Bank of America raised their price objective on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alliant Energy in a research report on Wednesday, October 8th. UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $74.00 to $79.00 in a research report on Friday, October 24th. Finally, BMO Capital Markets raised their price objective on shares of Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.56.

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.