Alliant Energy Corporation $LNT Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 203.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 27,220 shares of the company’s stock after purchasing an additional 18,256 shares during the period. SG Americas Securities LLC’s holdings in Alliant Energy were worth $1,646,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of LNT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Alliant Energy by 19.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock worth $3,566,000 after purchasing an additional 8,959 shares in the last quarter. Ballentine Partners LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at about $238,000. Johnson Investment Counsel Inc. lifted its stake 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 period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Alliant Energy by 23.2% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,943 shares of the company’s stock worth $2,173,000 after buying an additional 6,759 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co grew its position in Alliant Energy by 152.9% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 86,000 shares of the company’s stock worth $5,534,000 after buying an additional 52,000 shares during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

Alliant Energy stock opened at $67.47 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 has a market capitalization of $17.34 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 3.20 and a beta of 0.57. The stock has a fifty day moving average of $66.99 and a two-hundred day moving average of $64.36. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned $1.15 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. 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 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were issued a dividend of $0.5075 per share. The ex-dividend date was Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s payout ratio is 63.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a research report on Monday. Barclays set a $65.00 price objective on Alliant Energy and gave the company an “underweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets boosted their target price 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. UBS Group upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $74.00 to $79.00 in a research report on Friday, October 24th. Finally, Bank of America lifted their price target on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $69.00.

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.