Alliant Energy Corporation $LNT Stake Lowered by Wealthspire Advisors LLC

Wealthspire Advisors LLC trimmed its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 8.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,121 shares of the company’s stock after selling 872 shares during the quarter. Wealthspire Advisors LLC’s holdings in Alliant Energy were worth $552,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Alliant Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock worth $2,013,875,000 after buying an additional 481,487 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in Alliant Energy by 0.6% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 159,242 shares of the company’s stock valued at $9,629,000 after purchasing an additional 925 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Alliant Energy by 1.0% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 85,071 shares of the company’s stock valued at $5,144,000 after purchasing an additional 843 shares during the period. Rockefeller Capital Management L.P. grew its position in Alliant Energy by 3.3% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 14,805 shares of the company’s stock worth $895,000 after purchasing an additional 472 shares during the last quarter. Finally, Westwood Holdings Group Inc. grew its position in Alliant Energy by 8.2% in the 2nd quarter. Westwood Holdings Group Inc. now owns 142,780 shares of the company’s stock worth $8,634,000 after purchasing an additional 10,830 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays set a $65.00 price objective on Alliant Energy and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. UBS Group raised Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $74.00 to $79.00 in a research note on Friday, October 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a research report on Monday. Bank of America increased their price target on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Finally, Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $68.27 on Friday. Alliant Energy Corporation has a twelve month low of $56.30 and a twelve month high of $69.75. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The firm has a 50-day moving average of $67.06 and a two-hundred day moving average of $64.42. The company has a market capitalization of $17.55 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.20 and a beta of 0.57.

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

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is 63.84%.

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.