Alliant Energy Corporation $LNT Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB increased its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,244 shares of the company’s stock after acquiring an additional 577 shares during the period. Nordea Investment Management AB’s holdings in Alliant Energy were worth $798,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas acquired a new position in Alliant Energy during the first quarter worth about $2,414,000. Wealth Enhancement Advisory Services LLC increased its stake in Alliant Energy by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company’s stock worth $4,220,000 after purchasing an additional 1,198 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Alliant Energy by 19.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock worth $3,566,000 after purchasing an additional 8,959 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co increased its stake in Alliant Energy by 152.9% in the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 86,000 shares of the company’s stock worth $5,534,000 after purchasing an additional 52,000 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Alliant Energy by 23.2% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,943 shares of the company’s stock worth $2,173,000 after purchasing an additional 6,759 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Barclays set a $65.00 price target on Alliant Energy and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Bank of America lifted their price target on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. UBS Group set a $74.00 price target on Alliant Energy and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, BMO Capital Markets lifted their price target on Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Alliant Energy has an average rating of “Hold” and an average price target of $68.00.

Alliant Energy Trading Up 0.1%

Shares of NASDAQ LNT opened at $68.60 on Friday. Alliant Energy Corporation has a one year low of $56.08 and a one year high of $69.16. The firm has a market capitalization of $17.63 billion, a PE ratio of 21.17, a PEG ratio of 3.24 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. The business has a 50-day moving average price of $66.02 and a two-hundred day moving average price of $63.39.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. During the same period last year, the company posted $0.57 EPS. 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, analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm 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. The ex-dividend date is Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

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.