Alliant Energy Corporation $LNT Shares Purchased by Olistico Wealth LLC

Olistico Wealth LLC grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 110.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 40,238 shares of the company’s stock after acquiring an additional 21,132 shares during the period. Alliant Energy comprises about 1.4% of Olistico Wealth LLC’s portfolio, making the stock its 17th largest holding. Olistico Wealth LLC’s holdings in Alliant Energy were worth $2,712,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Carnegie Investment Counsel raised its holdings in Alliant Energy by 4.1% during the 3rd quarter. Carnegie Investment Counsel now owns 622,821 shares of the company’s stock worth $41,984,000 after buying an additional 24,482 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Alliant Energy in the second quarter worth about $1,391,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Alliant Energy by 19.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock worth $3,566,000 after acquiring an additional 8,959 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Alliant Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock valued at $2,013,875,000 after acquiring an additional 481,487 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Alliant Energy by 4.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 35,147 shares of the company’s stock valued at $2,125,000 after acquiring an additional 1,489 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $65.02 on Friday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.83 and a quick ratio of 0.70. Alliant Energy Corporation has a one year low of $56.30 and a one year high of $69.75. The business’s 50-day moving average price is $66.34 and its two-hundred day moving average price is $65.57. The company has a market capitalization of $16.71 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.64 and a beta of 0.67.

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

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, October 31st. Alliant Energy’s payout ratio is currently 63.84%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Argus reiterated a “hold” rating on shares of Alliant Energy in a research report on Friday. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Barclays set a $65.00 price target on Alliant Energy and gave the company an “underweight” rating in a research report on Tuesday, October 14th. BMO Capital Markets raised their price objective 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $70.86.

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.