Aberdeen Group plc Boosts Stock Position in Alliant Energy Corporation $LNT

Key Points

• Aberdeen Group plc increased its holdings in Alliant Energy Corporation by 8.3%, acquiring an additional 7,328 shares, bringing its total to 95,987 shares worth $5.8 million as of the latest report.
• Institutional investors and hedge funds own 79.90% of Alliant Energy's stock, with notable recent stakes acquired by Hughes Financial Services LLC and Alpine Bank Wealth Management.
• Alliant Energy reported a quarterly earnings per share of $0.68, exceeding the consensus estimate of $0.62, and projected FY 2025 earnings guidance of 3.150-3.25 EPS.

Aberdeen Group plc grew its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,987 shares of the company's stock after purchasing an additional 7,328 shares during the period. Aberdeen Group plc's holdings in Alliant Energy were worth $5,804,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new stake in Alliant Energy during the 1st quarter valued at $27,000. Alpine Bank Wealth Management purchased a new position in shares of Alliant Energy in the 1st quarter worth $29,000. Global Trust Asset Management LLC acquired a new stake in Alliant Energy in the 2nd quarter valued at $30,000. Bartlett & CO. Wealth Management LLC increased its holdings in Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company's stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. Finally, Tsfg LLC acquired a new stake in Alliant Energy in the 1st quarter valued at $34,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LNT. Weiss Ratings restated a "buy (b-)" rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Barclays set a $65.00 price target on Alliant Energy and gave the company an "underweight" rating in a report on Tuesday. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a report on Sunday, September 28th. UBS Group set a $74.00 target price on Alliant Energy and gave the stock a "neutral" rating in a report on Friday, October 10th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $67.22.

Alliant Energy Stock Performance

NASDAQ LNT opened at $67.60 on Friday. The stock has a market cap of $17.37 billion, a P/E ratio of 20.86, a PEG ratio of 3.44 and a beta of 0.54. The company's 50-day simple moving average is $65.70 and its 200 day simple moving average is $63.20. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $69.16. 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 - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $961.00 million for the quarter, compared to analysts' expectations of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company's quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Company 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.

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