Global Trust Asset Management LLC Makes New Investment in Alliant Energy Corporation $LNT

Global Trust Asset Management LLC bought a new position in Alliant Energy Corporation (NASDAQ:LNT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 500 shares of the company’s stock, valued at approximately $30,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Alliant Energy during the first quarter valued at $2,414,000. Sowell Financial Services LLC bought a new position in shares of Alliant Energy during the first quarter valued at $316,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Alliant Energy by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company’s stock valued at $4,220,000 after purchasing an additional 1,198 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Alliant Energy by 19.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock valued at $3,566,000 after purchasing an additional 8,959 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Alliant Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company’s stock valued at $1,934,000 after purchasing an additional 800 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Up 1.1%

LNT stock opened at $66.78 on Tuesday. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $67.11. The business’s 50-day moving average is $65.10 and its two-hundred day moving average is $62.80. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 3.11 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly 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 business had revenue of $961.00 million during 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%.The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a $0.5075 dividend. The ex-dividend date was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio is presently 62.65%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LNT shares. Bank of America upped their price target on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a report on Monday, July 7th. UBS Group reissued a “neutral” rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. BMO Capital Markets reissued a “market perform” rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Finally, Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Alliant Energy has an average rating of “Hold” and an average target price of $65.50.

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.