Alliant Energy Corporation $LNT Stock Holdings Boosted by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its holdings in Alliant Energy Corporation by 6.9%, acquiring an additional 36,910 shares during the first quarter, bringing its total to 573,896 shares worth approximately $36.93 million.
• Several other institutional investors also adjusted their stakes in Alliant Energy, resulting in 79.90% of the company now being owned by institutional investors.
• Alliant Energy recently announced a quarterly dividend of $0.5075 per share, yielding approximately 3.2%, with a dividend payout ratio of 62.65%.

Alliancebernstein L.P. raised its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 573,896 shares of the company's stock after purchasing an additional 36,910 shares during the period. Alliancebernstein L.P. owned 0.22% of Alliant Energy worth $36,930,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Teacher Retirement System of Texas purchased a new stake in Alliant Energy during the first quarter worth approximately $2,414,000. Sowell Financial Services LLC purchased a new stake in Alliant Energy during the first quarter worth approximately $316,000. Wealth Enhancement Advisory Services LLC grew its stake in Alliant Energy by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock worth $4,220,000 after buying an additional 1,198 shares during the period. State of Alaska Department of Revenue grew its stake in Alliant Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock worth $1,934,000 after buying an additional 800 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in Alliant Energy by 112.9% during the first quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock worth $378,000 after buying an additional 3,108 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LNT. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. Bank of America boosted their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. UBS Group reissued a "neutral" rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, BMO Capital Markets reissued a "market perform" rating and set a $68.00 target price (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Alliant Energy currently has an average rating of "Hold" and an average price target of $65.50.

Alliant Energy Stock Up 0.3%

LNT traded up $0.20 during trading on Friday, hitting $64.86. The company had a trading volume of 1,127,278 shares, compared to its average volume of 1,853,968. The company has a market cap of $16.67 billion, a PE ratio of 20.02, a P/E/G ratio of 3.05 and a beta of 0.54. The business has a 50-day moving average of $64.62 and a 200-day moving average of $62.70. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating 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 firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's dividend payout ratio is 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.