Chevy Chase Trust Holdings LLC Buys 405 Shares of Alliant Energy Corporation $LNT

Chevy Chase Trust Holdings LLC increased its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,182 shares of the company’s stock after buying an additional 405 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Alliant Energy worth $8,235,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Nordea Investment Management AB grew its holdings in Alliant Energy by 4.6% during the second quarter. Nordea Investment Management AB now owns 13,244 shares of the company’s stock worth $798,000 after buying an additional 577 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Alliant Energy by 35.8% during the second quarter. Ritholtz Wealth Management now owns 6,524 shares of the company’s stock worth $395,000 after buying an additional 1,719 shares in the last quarter. Harbour Investments Inc. grew its holdings in Alliant Energy by 2.4% during the second quarter. Harbour Investments Inc. now owns 81,179 shares of the company’s stock worth $4,909,000 after buying an additional 1,893 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in Alliant Energy by 19.5% during the second quarter. Sagespring Wealth Partners LLC now owns 4,790 shares of the company’s stock worth $290,000 after buying an additional 783 shares in the last quarter. Finally, TD Asset Management Inc grew its holdings in Alliant Energy by 0.8% during the second quarter. TD Asset Management Inc now owns 113,037 shares of the company’s stock worth $6,835,000 after buying an additional 941 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.8%

LNT stock opened at $68.59 on Tuesday. 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 capitalization of $17.63 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 3.41 and a beta of 0.54. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $69.16. The stock has a fifty day moving average of $65.81 and a 200-day moving average of $63.25.

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. The company 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 firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.5075 per share. The ex-dividend date is Friday, October 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio is presently 62.65%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays set a $65.00 price objective on Alliant Energy and gave the company an “underweight” rating in a research note on Tuesday, October 14th. UBS Group set a $74.00 price objective on Alliant Energy and gave the company a “neutral” rating in a research note on Friday, October 10th. Bank of America upped their price objective on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. Finally, BMO Capital Markets upped their price objective on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Alliant Energy has a consensus rating of “Hold” and an average target price of $68.00.

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.