Baird Financial Group Inc. decreased its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 30.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,929 shares of the company's stock after selling 8,106 shares during the period. Baird Financial Group Inc.'s holdings in Alliant Energy were worth $1,218,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in LNT. Hughes Financial Services LLC purchased a new stake in shares of Alliant Energy in the 1st quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Alliant Energy in the 1st quarter valued at $29,000. Tsfg LLC purchased a new stake in shares of Alliant Energy in the 1st quarter valued at $34,000. TD Private Client Wealth LLC bought a new stake in Alliant Energy during the 1st quarter valued at $34,000. Finally, First Command Advisory Services Inc. bought a new stake in Alliant Energy during the 1st quarter valued at $34,000. Hedge funds and other institutional investors own 79.90% of the company's stock.
Analysts Set New Price Targets
LNT has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a research note on Monday, July 7th. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. Bank of America lifted their price objective on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Alliant Energy presently has an average rating of "Hold" and an average price target of $65.50.
Check Out Our Latest Stock Report on Alliant Energy
Alliant Energy Trading Up 0.5%
NASDAQ LNT traded up $0.32 during trading on Friday, hitting $64.98. The stock had a trading volume of 405,160 shares, compared to its average volume of 1,966,869. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The company has a market capitalization of $16.70 billion, a PE ratio of 20.04, a PEG ratio of 3.02 and a beta of 0.54. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average price of $64.56 and a 200 day moving average price of $62.70.
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, beating analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company had revenue of $961.00 million during the quarter, compared to analysts' expectations of $977.15 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio (DPR) is 62.65%.
About Alliant Energy
(
Free Report)
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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