Live Oak Investment Partners Invests $596,000 in Alliant Energy Corporation $LNT

Live Oak Investment Partners purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,844 shares of the company’s stock, valued at approximately $596,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LNT. AQR Capital Management LLC lifted its position in shares of Alliant Energy by 103.8% during the 1st quarter. AQR Capital Management LLC now owns 66,701 shares of the company’s stock worth $4,292,000 after buying an additional 33,978 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after acquiring an additional 538,603 shares during the last quarter. Empowered Funds LLC lifted its holdings in Alliant Energy by 18.8% during the first quarter. Empowered Funds LLC now owns 6,166 shares of the company’s stock worth $397,000 after acquiring an additional 974 shares during the period. Woodline Partners LP boosted its position in Alliant Energy by 40.7% in the first quarter. Woodline Partners LP now owns 21,679 shares of the company’s stock worth $1,395,000 after purchasing an additional 6,269 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in Alliant Energy by 23.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,256 shares of the company’s stock valued at $81,000 after purchasing an additional 239 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LNT shares. Bank of America lifted their target price on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Wolfe Research reiterated an “outperform” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Monday, December 1st. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Argus reaffirmed a “hold” rating on shares of Alliant Energy in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $70.88.

Alliant Energy Trading Up 0.4%

NASDAQ:LNT opened at $67.34 on Tuesday. Alliant Energy Corporation has a 1 year low of $57.09 and a 1 year high of $69.75. The stock’s fifty day moving average price is $66.32 and its two-hundred day moving average price is $65.86. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70. The company has a market cap of $17.31 billion, a P/E ratio of 21.18, a P/E/G ratio of 2.73 and a beta of 0.67.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. As a group, analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a dividend of $0.535 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 63.84%.

About Alliant Energy

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.