Vident Advisory LLC Takes $402,000 Position in Alliant Energy Corporation $LNT

Key Points

• Vident Advisory LLC has acquired 6,242 shares of Alliant Energy Corporation, valued at approximately $402,000, marking a new position for the firm.
• Institutional investors hold 79.90% of Alliant Energy's stock, with Vanguard Group Inc. being the largest shareholder, owning 32,822,215 shares valued at over $2.1 billion.
• Alliant Energy recently declared a quarterly dividend of $0.5075, representing an annualized yield of 3.1%, and has a dividend payout ratio of 62.65%.

Vident Advisory LLC purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,242 shares of the company's stock, valued at approximately $402,000.

Other large investors also recently modified their holdings of the company. Hughes Financial Services LLC acquired a new position in shares of Alliant Energy during the first quarter valued at $27,000. Alpine Bank Wealth Management acquired a new position in shares of Alliant Energy during the first quarter valued at $29,000. Tsfg LLC acquired a new position in Alliant Energy during the first quarter worth about $34,000. TD Private Client Wealth LLC acquired a new position in Alliant Energy during the first quarter worth about $34,000. Finally, First Command Advisory Services Inc. acquired a new position in Alliant Energy during the first quarter worth about $34,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNT has been the topic of a number of research analyst reports. Bank of America lifted their target price on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a report on Monday, July 7th. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. UBS Group reaffirmed a "neutral" rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Finally, Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Trading Up 0.4%

Shares of NASDAQ:LNT traded up $0.24 during midday trading on Friday, reaching $64.90. The company had a trading volume of 112,297 shares, compared to its average volume of 1,965,256. 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 1-year low of $56.08 and a 1-year high of $67.11. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 20.03, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a fifty day simple moving average of $64.56 and a two-hundred day simple moving average of $62.70.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly 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 return on equity of 12.25% and a net margin of 20.07%.The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. During the same quarter last year, the company posted $0.57 EPS. Alliant Energy'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. Research analysts predict 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 given a dividend of $0.5075 per share. The ex-dividend date was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.1%. Alliant Energy's dividend payout ratio (DPR) is presently 62.65%.

Alliant Energy Profile

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.