NorthRock Partners LLC Grows Position in Alliant Energy Corporation $LNT

NorthRock Partners LLC increased its position in Alliant Energy Corporation (NASDAQ:LNT) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,173 shares of the company’s stock after buying an additional 426 shares during the quarter. NorthRock Partners LLC’s holdings in Alliant Energy were worth $434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LNT. Teacher Retirement System of Texas purchased a new position in shares of Alliant Energy in the first quarter valued at about $2,414,000. Sowell Financial Services LLC bought a new stake in shares of Alliant Energy in the first quarter worth about $316,000. Wealth Enhancement Advisory Services LLC increased its holdings in Alliant Energy by 1.9% during the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Alliant Energy by 19.3% during the 1st 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 during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Alliant Energy by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company’s stock worth $1,934,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LNT shares. Weiss Ratings restated a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday, October 8th. Bank of America upped their price objective on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, August 14th. Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. Wolfe Research upgraded shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a research report on Monday, July 7th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Five research 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.com, the company has an average rating of “Hold” and an average price target of $67.22.

Alliant Energy Stock Up 0.4%

NASDAQ:LNT opened at $68.63 on Thursday. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $68.80. The company has a market capitalization of $17.64 billion, a PE ratio of 21.18, a P/E/G ratio of 3.22 and a beta of 0.54. The firm’s 50-day moving average price is $65.67 and its 200-day moving average price is $63.18. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business 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 posted $0.57 earnings per share. Alliant Energy’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. On average, equities analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. 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 payout ratio is presently 62.65%.

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.