City State Bank Has $4.38 Million Stock Holdings in Alliant Energy Corporation $LNT

City State Bank raised its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,395 shares of the company’s stock after purchasing an additional 444 shares during the period. Alliant Energy accounts for 1.4% of City State Bank’s portfolio, making the stock its 20th largest holding. City State Bank’s holdings in Alliant Energy were worth $4,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in shares of Alliant Energy in the first quarter worth $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Alliant Energy in the first quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Alliant Energy in the second quarter worth $30,000. Bartlett & CO. Wealth Management LLC grew its stake in shares of Alliant Energy by 81.6% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after acquiring an additional 222 shares during the last quarter. Finally, Tsfg LLC acquired a new stake in shares of Alliant Energy in the first quarter worth $34,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LNT. Barclays set a $65.00 price objective on shares of Alliant Energy and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Bank of America raised their price objective on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. BMO Capital Markets raised their price objective on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a research note on Sunday, September 28th. Finally, UBS Group upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $79.00 in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.56.

Alliant Energy Stock Up 0.5%

LNT opened at $68.97 on Friday. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $69.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The firm’s fifty day moving average price is $66.11 and its two-hundred day moving average price is $63.46. The company has a market capitalization of $17.72 billion, a P/E ratio of 21.29, a P/E/G ratio of 3.24 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, analysts anticipate 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 will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.5075 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

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.