Envestnet Portfolio Solutions Inc. cut its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 80.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,295 shares of the company's stock after selling 60,481 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Alliant Energy were worth $864,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of LNT. GAMMA Investing LLC boosted its position in shares of Alliant Energy by 8.3% in the 1st quarter. GAMMA Investing LLC now owns 17,312 shares of the company's stock valued at $1,114,000 after purchasing an additional 1,328 shares during the period. Wealth Enhancement Advisory Services LLC lifted 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 valued at $4,220,000 after buying an additional 1,198 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Alliant Energy in the first quarter worth about $316,000. State of Alaska Department of Revenue increased its position in shares of Alliant Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock worth $1,934,000 after acquiring an additional 800 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of Alliant Energy during the first quarter valued at approximately $518,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.
Alliant Energy Price Performance
Shares of NASDAQ:LNT opened at $68.07 on Monday. The firm has a market cap of $17.49 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 3.41 and a beta of 0.54. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $69.16. 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 business has a fifty day simple moving average of $65.75 and a 200 day simple moving average of $63.20.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.68 EPS 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 firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business's quarterly revenue 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. As a group, sell-side analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.
Alliant Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be given a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Alliant Energy's dividend payout ratio (DPR) is presently 62.65%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. 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. UBS Group set a $74.00 target price on Alliant Energy and gave the company a "neutral" rating in a report on Friday, October 10th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Alliant Energy in a report on Wednesday, October 8th. Barclays set a $65.00 price target on Alliant Energy and gave the company an "underweight" rating in a research report on Tuesday, October 14th. Finally, Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research report on Monday, July 7th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $68.00.
Read Our Latest Research Report on LNT
Alliant Energy Company Profile
(
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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