National Pension Service Acquires 3,189 Shares of Alliant Energy Corporation $LNT

National Pension Service boosted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 340.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,126 shares of the company’s stock after purchasing an additional 3,189 shares during the quarter. National Pension Service’s holdings in Alliant Energy were worth $249,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LNT. Goldman Sachs Group Inc. lifted its holdings in shares of Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after buying an additional 538,603 shares in the last quarter. Carnegie Investment Counsel bought a new stake in Alliant Energy in the 1st quarter valued at $34,210,000. HITE Hedge Asset Management LLC bought a new stake in Alliant Energy in the 1st quarter valued at $19,141,000. Jennison Associates LLC lifted its stake in Alliant Energy by 34.2% in the 2nd quarter. Jennison Associates LLC now owns 721,531 shares of the company’s stock worth $43,631,000 after purchasing an additional 183,802 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Alliant Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock worth $2,112,110,000 after purchasing an additional 158,507 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

NASDAQ:LNT opened at $67.33 on Friday. The firm has a market capitalization of $17.31 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 3.20 and a beta of 0.57. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The business has a 50 day simple moving average of $66.71 and a 200-day simple moving average of $64.20. Alliant Energy Corporation has a 1 year low of $56.30 and a 1 year high of $69.75.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.05). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is 63.84%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on LNT shares. BMO Capital Markets raised their price objective on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Bank of America increased their price target on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. UBS Group raised Alliant Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $74.00 to $79.00 in a report on Friday, October 24th. Finally, Barclays set a $65.00 target price on shares of Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Alliant Energy has an average rating of “Hold” and an average target price of $69.00.

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.