SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Invests $290,000 in Alliant Energy Corporation $LNT

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, Holdings Channel.com reports. The fund acquired 4,400 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Vanguard Group Inc. raised its stake in Alliant Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock worth $2,013,875,000 after purchasing an additional 481,487 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Alliant Energy by 5.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company’s stock valued at $428,252,000 after buying an additional 384,204 shares during the period. Northern Trust Corp increased its holdings in shares of Alliant Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock worth $157,208,000 after buying an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Alliant Energy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company’s stock valued at $146,113,000 after buying an additional 17,681 shares during the period. Finally, Johnson Investment Counsel Inc. raised its position in shares of Alliant Energy by 2.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock valued at $116,358,000 after buying an additional 51,820 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BMO Capital Markets increased their price objective on Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research report on Friday, October 17th. Barclays set a $65.00 price target on Alliant Energy and gave the stock an “underweight” rating in a report on Tuesday, October 14th. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research report on Monday. Finally, UBS Group upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $74.00 to $79.00 in a research report on Friday, October 24th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $69.00.

Alliant Energy Price Performance

LNT opened at $67.22 on Thursday. The stock’s 50-day moving average price is $66.94 and its 200 day moving average price is $64.34. Alliant Energy Corporation has a 12-month low of $56.30 and a 12-month high of $69.75. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 3.20 and a beta of 0.57. 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 (NASDAQ:LNT) last issued its quarterly earnings results 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 business had revenue of $1.21 billion for 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%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. As a group, sell-side analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

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