BI Asset Management Fondsmaeglerselskab A S Boosts Stake in Alliant Energy Corporation $LNT

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BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 0.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 531,611 shares of the company's stock after acquiring an additional 4,039 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S owned about 0.21% of Alliant Energy worth $34,209,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of LNT. Townsquare Capital LLC boosted its position in Alliant Energy by 8.3% during the fourth quarter. Townsquare Capital LLC now owns 4,883 shares of the company's stock valued at $289,000 after acquiring an additional 376 shares during the last quarter. Mariner LLC boosted its position in shares of Alliant Energy by 5.0% during the 4th quarter. Mariner LLC now owns 45,403 shares of the company's stock worth $2,685,000 after purchasing an additional 2,165 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Alliant Energy by 74.5% during the 4th quarter. NewEdge Advisors LLC now owns 22,142 shares of the company's stock worth $1,309,000 after purchasing an additional 9,455 shares in the last quarter. Commerce Bank boosted its position in shares of Alliant Energy by 5.2% during the 4th quarter. Commerce Bank now owns 31,956 shares of the company's stock worth $1,890,000 after purchasing an additional 1,587 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Alliant Energy by 5.8% during the 4th quarter. First Trust Advisors LP now owns 1,371,477 shares of the company's stock worth $81,109,000 after purchasing an additional 74,968 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 1.3%

NASDAQ LNT traded up $0.86 during trading hours on Friday, hitting $66.97. The company's stock had a trading volume of 2,248,226 shares, compared to its average volume of 2,046,323. Alliant Energy Corporation has a 52 week low of $56.08 and a 52 week high of $67.11. The company has a market capitalization of $17.21 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The company's 50-day simple moving average is $63.37 and its two-hundred day simple moving average is $62.37.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business had revenue of $961.00 million for the quarter, compared to analysts' expectations of $977.15 million. During the same quarter last year, the firm earned $0.57 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Research analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.5075 dividend. The ex-dividend date was Thursday, July 31st. This represents a $2.03 annualized dividend and a yield of 3.0%. Alliant Energy's dividend payout ratio (DPR) is 62.65%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. UBS Group reissued a "neutral" rating and set a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research report on Monday, July 7th. Jefferies Financial Group set a $71.00 price objective 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 price objective (up previously 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 issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $65.50.

About Alliant Energy

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.