Johnson Investment Counsel Inc. Has $116.36 Million Stock Holdings in Alliant Energy Corporation $LNT

Johnson Investment Counsel Inc. lifted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,924,229 shares of the company’s stock after buying an additional 51,820 shares during the period. Alliant Energy comprises approximately 1.0% of Johnson Investment Counsel Inc.’s portfolio, making the stock its 27th biggest position. Johnson Investment Counsel Inc. owned about 0.75% of Alliant Energy worth $116,358,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Horizon Investments LLC boosted its position in shares of Alliant Energy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,682 shares of the company’s stock worth $235,000 after buying an additional 172 shares during the period. Moss Adams Wealth Advisors LLC boosted its position in shares of Alliant Energy by 4.8% in the second quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock worth $230,000 after buying an additional 176 shares during the period. Financial Advisors Network Inc. boosted its position in shares of Alliant Energy by 4.1% in the first quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company’s stock worth $305,000 after buying an additional 188 shares during the period. Exchange Traded Concepts LLC boosted its position in shares of Alliant Energy by 1.4% in the second quarter. Exchange Traded Concepts LLC now owns 14,412 shares of the company’s stock worth $871,000 after buying an additional 193 shares during the period. Finally, Leavell Investment Management Inc. boosted its position in shares of Alliant Energy by 3.4% in the first quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company’s stock worth $390,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT opened at $67.75 on Friday. The stock has a market cap of $17.41 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 3.19 and a beta of 0.54. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $68.52. 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 stock has a fifty day moving average price of $65.54 and a 200 day moving average price of $63.07.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $977.15 million. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 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 Thursday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 62.65%.

Analyst Upgrades and Downgrades

LNT has been the subject of several recent analyst reports. Bank of America raised their target price on Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. UBS Group set a $74.00 target price on Alliant Energy and gave the stock a “neutral” rating in a research report on Friday. Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a research report on Monday, July 7th. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Alliant Energy in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $66.78.

Alliant Energy Company 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.