Alliant Energy Corporation $LNT Shares Bought by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its stake in Alliant Energy Corporation by 20.3%, acquiring an additional 7,306 shares in the first quarter, bringing its total ownership to 43,308 shares valued at approximately $2.79 million.
• Brokerage ratings for Alliant Energy show a mix of sentiments, with four analysts rating it as a "Buy," five as "Hold," and one as "Sell," while price targets range from $67.00 to $71.00.
• The company posted $0.68 EPS in its latest earnings report, exceeding analysts' expectations and demonstrating a 7.5% year-over-year revenue increase, despite reporting revenue below estimates.

HighTower Advisors LLC increased its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 20.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,308 shares of the company's stock after purchasing an additional 7,306 shares during the period. HighTower Advisors LLC's holdings in Alliant Energy were worth $2,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Alliant Energy in the 1st quarter worth approximately $27,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy in the 1st quarter worth approximately $29,000. Tsfg LLC acquired a new stake in Alliant Energy during the 1st quarter valued at approximately $34,000. TD Private Client Wealth LLC acquired a new stake in Alliant Energy during the 1st quarter valued at approximately $34,000. Finally, First Command Advisory Services Inc. acquired a new stake in Alliant Energy during the 1st quarter valued at approximately $34,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented 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. Jefferies Financial Group set a $71.00 price objective 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 shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $65.50.

Alliant Energy Trading Up 0.2%

Shares of LNT traded up $0.12 during mid-day trading on Wednesday, reaching $65.83. The stock had a trading volume of 586,781 shares, compared to its average volume of 1,986,099. 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 52-week low of $56.08 and a 52-week high of $67.11. The business's fifty day moving average is $63.59 and its 200 day moving average is $62.44. The firm has a market cap of $16.92 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 3.12 and a beta of 0.53.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted 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 net margin of 20.07% and a return on equity of 12.25%. The company had revenue of $961.00 million for the quarter, compared to analysts' expectations of $977.15 million. During the same quarter in the prior year, the company posted $0.57 earnings per share. Alliant Energy'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. On average, sell-side analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.5075 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 annualized dividend and a yield of 3.1%. Alliant Energy's dividend payout ratio (DPR) is 62.65%.

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.