United Services Automobile Association Invests $437,000 in Alliant Energy Corporation $LNT

United Services Automobile Association bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,869 shares of the company’s stock, valued at approximately $437,000.

A number of other hedge funds have also modified their holdings of LNT. Hughes Financial Services LLC purchased a new position in shares of Alliant Energy during the first quarter worth approximately $27,000. Alpine Bank Wealth Management purchased a new position in shares of Alliant Energy during the first quarter worth approximately $29,000. Tsfg LLC purchased a new position in shares of Alliant Energy during the first quarter worth approximately $34,000. TD Private Client Wealth LLC purchased a new position in shares of Alliant Energy during the first quarter worth approximately $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Alliant Energy during the first quarter worth approximately $34,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNT has been the subject of several recent research reports. Bank of America increased their price target on Alliant Energy from $68.00 to $70.00 and gave the stock 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 for the company in a report on Monday, July 7th. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. UBS Group reaffirmed a “neutral” rating and set a $67.00 price target (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Finally, Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a “buy” rating in a report on Tuesday, May 20th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $65.50.

Alliant Energy Trading Down 0.0%

NASDAQ:LNT opened at $63.99 on Thursday. The company has a market capitalization of $16.44 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 3.02 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. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $67.11. The stock has a fifty day simple moving average of $64.50 and a 200-day simple moving average of $62.69.

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, topping the consensus estimate of $0.62 by $0.06. The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, equities research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy’s payout ratio is 62.65%.

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.