Resona Asset Management Co. Ltd. Has $6.19 Million Stock Position in Alliant Energy Corporation $LNT

Resona Asset Management Co. Ltd. increased its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 8.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,337 shares of the company’s stock after purchasing an additional 8,175 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Alliant Energy were worth $6,187,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hughes Financial Services LLC bought a new position in Alliant Energy in the first quarter valued at approximately $27,000. Rossby Financial LCC acquired a new stake in shares of Alliant Energy in the 2nd quarter valued at $29,000. Global Trust Asset Management LLC bought a new position in shares of Alliant Energy in the 2nd quarter valued at $30,000. Bartlett & CO. Wealth Management LLC increased its stake in shares of Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock valued at $30,000 after purchasing an additional 222 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Alliant Energy by 84.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock worth $31,000 after buying an additional 237 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on LNT. UBS Group upgraded 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 report on Friday, October 24th. BMO Capital Markets raised their price target on shares of Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed 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 $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and an average target price of $69.00.

Alliant Energy Trading Up 0.9%

NASDAQ LNT opened at $67.34 on Monday. The firm has a market capitalization of $17.30 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The business’s 50-day moving average price is $66.42 and its two-hundred day moving average price is $63.99. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 12 month low of $56.20 and a 12 month high of $69.75.

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

Alliant Energy Dividend Announcement

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