1,216 Shares in Alliant Energy Corporation $LNT Purchased by Kiker Wealth Management LLC

Kiker Wealth Management LLC bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,216 shares of the company’s stock, valued at approximately $74,000.

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

Alliant Energy Price Performance

NASDAQ:LNT opened at $67.66 on Tuesday. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of 20.88, 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 business has a 50 day simple moving average of $65.57 and a 200-day simple moving average of $63.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46.

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

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

Wall Street Analyst Weigh In

LNT has been the subject of a number of research reports. Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target for the company in a research note on Monday, July 7th. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. UBS Group set a $74.00 price target on Alliant Energy and gave the company a “neutral” rating in a research note on Friday. Bank of America increased their price target on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $66.78.

About Alliant Energy

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.