Alliant Energy Corporation $LNT Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp raised its position in Alliant Energy Corporation (NASDAQ:LNT) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,661 shares of the company’s stock after purchasing an additional 2,403 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.06% of Alliant Energy worth $8,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. National Pension Service lifted its position in Alliant Energy by 340.3% during the second quarter. National Pension Service now owns 4,126 shares of the company’s stock worth $249,000 after buying an additional 3,189 shares during the period. CENTRAL TRUST Co increased its position in Alliant Energy by 57.0% during the second quarter. CENTRAL TRUST Co now owns 942 shares of the company’s stock worth $57,000 after purchasing an additional 342 shares during the last quarter. Ibex Wealth Advisors purchased a new position in Alliant Energy during the second quarter worth approximately $310,000. Allworth Financial LP grew its stake in shares of Alliant Energy by 434.0% during the 2nd quarter. Allworth Financial LP now owns 2,718 shares of the company’s stock valued at $164,000 after buying an additional 2,209 shares during the period. Finally, ProShare Advisors LLC raised its position in shares of Alliant Energy by 9.7% in the 2nd quarter. ProShare Advisors LLC now owns 66,327 shares of the company’s stock worth $4,011,000 after buying an additional 5,854 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LNT shares. BMO Capital Markets increased their target price on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research report on Friday, October 17th. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. UBS Group upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $74.00 to $79.00 in a report on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday, October 8th. Finally, Bank of America raised their price target on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $69.00.

Alliant Energy Trading Down 0.1%

Shares of NASDAQ LNT opened at $67.33 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The stock’s 50 day moving average price is $66.71 and its two-hundred day moving average price is $64.22. Alliant Energy Corporation has a 52-week low of $56.30 and a 52-week high of $69.75. The stock has a market capitalization of $17.31 billion, a P/E ratio of 20.78, 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). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business 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 dividend of $0.5075 per share. The ex-dividend date of this dividend 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 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.