Wedbush Securities Inc. Boosts Holdings in Alliant Energy Corporation $LNT

Wedbush Securities Inc. increased its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 16.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,403 shares of the company’s stock after buying an additional 1,157 shares during the quarter. Wedbush Securities Inc.’s holdings in Alliant Energy were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LNT. Vanguard Group Inc. raised its position in Alliant Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock valued at $2,112,110,000 after purchasing an additional 158,507 shares during the period. Northern Trust Corp increased its position in shares of Alliant Energy by 1.3% during the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock valued at $157,208,000 after acquiring an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Alliant Energy by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company’s stock valued at $146,113,000 after acquiring an additional 17,681 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in shares of Alliant Energy by 2.8% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock worth $116,358,000 after acquiring an additional 51,820 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings 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 valued at $69,792,000 after purchasing an additional 538,603 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

Shares of LNT opened at $68.02 on Wednesday. The firm has a market cap of $17.48 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The company’s 50 day simple moving average is $66.53 and its 200-day simple moving average is $64.08. 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 12-month low of $56.30 and a 12-month high of $69.75.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same quarter in the prior year, the firm posted $1.15 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. As a group, equities analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be given 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 of this dividend is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 63.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LNT shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays set a $65.00 target price on Alliant Energy and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets raised their target price on shares of Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Finally, UBS Group upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $74.00 to $79.00 in a research note on Friday, October 24th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Alliant Energy has a consensus rating of “Hold” and an average 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.