Alliant Energy Corporation $LNT Holdings Lifted by Liberty One Investment Management LLC

Liberty One Investment Management LLC lifted its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 91.7% in the 3rd quarter, Holdings Channel reports. The fund owned 984,790 shares of the company’s stock after buying an additional 470,967 shares during the quarter. Alliant Energy accounts for approximately 3.7% of Liberty One Investment Management LLC’s holdings, making the stock its 3rd largest position. Liberty One Investment Management LLC’s holdings in Alliant Energy were worth $66,389,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quent Capital LLC bought a new position in Alliant Energy during the third quarter worth about $62,000. Nordea Investment Management AB lifted its stake in shares of Alliant Energy by 10.5% during the 3rd quarter. Nordea Investment Management AB now owns 14,633 shares of the company’s stock valued at $981,000 after buying an additional 1,389 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Alliant Energy by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 608,535 shares of the company’s stock valued at $41,021,000 after buying an additional 8,700 shares in the last quarter. MGO One Seven LLC grew its stake in Alliant Energy by 13.1% in the 3rd quarter. MGO One Seven LLC now owns 6,510 shares of the company’s stock valued at $439,000 after buying an additional 752 shares in the last quarter. Finally, Olistico Wealth LLC grew its stake in Alliant Energy by 110.6% in the 3rd quarter. Olistico Wealth LLC now owns 40,238 shares of the company’s stock valued at $2,712,000 after buying an additional 21,132 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. UBS Group set a $75.00 target price on Alliant Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Barclays set a $65.00 price objective on Alliant Energy and gave the company an “underweight” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, December 29th. Bank of America lifted their target price on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Six analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Alliant Energy has an average rating of “Moderate Buy” and a consensus price target of $70.86.

Alliant Energy Stock Up 0.2%

LNT stock opened at $65.17 on Tuesday. The company’s 50 day moving average is $66.32 and its 200 day moving average is $65.64. The stock has a market cap of $16.75 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.64 and a beta of 0.67. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. Alliant Energy Corporation has a 1-year low of $56.30 and a 1-year high of $69.75.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.Alliant Energy’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Sell-side analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were paid a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.03 annualized dividend and a yield of 3.1%. Alliant Energy’s payout ratio is 63.84%.

About Alliant Energy

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.