Harbour Investments Inc. Has $4.91 Million Stock Position in Alliant Energy Corporation $LNT

Harbour Investments Inc. raised its stake in Alliant Energy Corporation (NASDAQ:LNT) by 2.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 81,179 shares of the company’s stock after buying an additional 1,893 shares during the quarter. Harbour Investments Inc.’s holdings in Alliant Energy were worth $4,909,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LNT. Horizon Investments LLC raised its position in shares of Alliant Energy by 4.9% during the first quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock worth $235,000 after purchasing an additional 172 shares during the period. Moss Adams Wealth Advisors LLC increased its stake in Alliant Energy by 4.8% during the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock worth $230,000 after purchasing an additional 176 shares in the last quarter. Financial Advisors Network Inc. increased its stake in Alliant Energy by 4.1% during the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company’s stock worth $305,000 after purchasing an additional 188 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Alliant Energy by 1.4% during the 2nd quarter. Exchange Traded Concepts LLC now owns 14,412 shares of the company’s stock worth $871,000 after buying an additional 193 shares during the period. Finally, Leavell Investment Management Inc. lifted its stake in Alliant Energy by 3.4% in the first quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company’s stock valued at $390,000 after buying an additional 200 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. Barclays set a $65.00 target price on Alliant Energy and gave the stock an “underweight” rating in a report on Tuesday. Bank of America boosted 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 upgraded Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a report on Monday, July 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.22.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $68.63 on Thursday. 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 stock has a 50 day moving average price of $65.67 and a 200 day moving average price of $63.18. The stock has a market capitalization of $17.64 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 3.22 and a beta of 0.54. Alliant Energy Corporation has a 52 week low of $56.08 and a 52 week high of $68.80.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $977.15 million. During the same quarter in the previous year, the firm earned $0.57 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 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.