Alliant Energy Corporation $LNT Shares Acquired by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its position in Alliant Energy Corporation (NASDAQ:LNT) by 8.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,780 shares of the company’s stock after purchasing an additional 10,830 shares during the period. Westwood Holdings Group Inc.’s holdings in Alliant Energy were worth $8,634,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Alliant Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock valued at $2,112,110,000 after buying an additional 158,507 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Alliant Energy by 5.7% during 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 acquiring an additional 384,204 shares in the last quarter. Northern Trust Corp raised its position in Alliant Energy by 1.3% during the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock worth $157,208,000 after acquiring an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Alliant Energy by 0.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company’s stock valued at $146,113,000 after purchasing an additional 17,681 shares in the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in shares of Alliant Energy by 2.8% in the second quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock valued at $116,358,000 after purchasing an additional 51,820 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LNT. Barclays set a $65.00 price target on Alliant Energy and gave the stock an “underweight” rating in a research report on Tuesday, October 14th. UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $74.00 to $79.00 in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Bank of America boosted their price objective on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, BMO Capital Markets raised 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. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.00.

Alliant Energy Stock Down 0.1%

Shares of LNT opened at $67.33 on Friday. Alliant Energy Corporation has a fifty-two week low of $56.30 and a fifty-two week high of $69.75. The company’s fifty day moving average is $66.71 and its two-hundred day moving average is $64.20. The firm has a market cap of $17.31 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35.

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

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be 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 is Friday, October 31st. Alliant Energy’s payout ratio is currently 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.