Vanguard Personalized Indexing Management LLC Has $2.35 Million Holdings in Alliant Energy Corporation $LNT

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Alliant Energy Corporation by 20.2% in Q2 2023, now owning 38,838 shares valued at $2.35 million.
• Alliant Energy recently reported earnings of $0.68 per share for Q2, exceeding analysts' expectations, while revenue rose by 7.5% year-over-year to $961 million.
• The company announced a quarterly dividend of $0.5075, yielding 3.0%, with a current dividend payout ratio of 62.65%.

Vanguard Personalized Indexing Management LLC grew its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 20.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,838 shares of the company's stock after acquiring an additional 6,540 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Alliant Energy were worth $2,349,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LNT. Hughes Financial Services LLC acquired a new stake in Alliant Energy in the 1st quarter valued at $27,000. Alpine Bank Wealth Management bought a new position in shares of Alliant Energy in the first quarter valued at $29,000. Global Trust Asset Management LLC acquired a new position in shares of Alliant Energy during the second quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC increased its position in shares of Alliant Energy by 81.6% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company's stock worth $30,000 after acquiring an additional 222 shares in the last quarter. Finally, Tsfg LLC bought a new stake in shares of Alliant Energy during the first quarter worth about $34,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

NASDAQ LNT opened at $68.63 on Thursday. The company has a market capitalization of $17.64 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 3.22 and a beta of 0.54. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $68.80. The company has a 50-day simple moving average of $65.67 and a 200 day simple moving average of $63.18.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results 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 net margin of 20.07% and a return on equity of 12.25%. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. During the same period in the prior year, the firm earned $0.57 EPS. The company's 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. On average, research analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LNT. Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an "underweight" rating in a research report on Tuesday. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Sunday, September 28th. BMO Capital Markets reissued a "market perform" rating and issued a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research note on Monday, July 7th. Finally, Bank of America upped their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $67.22.

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.

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