Alliant Energy Corporation $LNT Shares Acquired by Godsey & Gibb Inc.

Godsey & Gibb Inc. increased its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 0.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 374,229 shares of the company’s stock after purchasing an additional 645 shares during the quarter. Alliant Energy accounts for approximately 2.1% of Godsey & Gibb Inc.’s investment portfolio, making the stock its 24th largest holding. Godsey & Gibb Inc.’s holdings in Alliant Energy were worth $22,630,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Teacher Retirement System of Texas acquired a new position in shares of Alliant Energy in the first quarter worth about $2,414,000. Sowell Financial Services LLC purchased a new stake in Alliant Energy during the 1st quarter worth approximately $316,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Alliant Energy by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company’s stock worth $4,220,000 after purchasing an additional 1,198 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Alliant Energy by 19.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock valued at $3,566,000 after purchasing an additional 8,959 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Alliant Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company’s stock worth $1,934,000 after buying an additional 800 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LNT has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a report on Saturday, September 27th. Bank of America upped their target price on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 14th. UBS Group reiterated a “neutral” rating and set a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Wolfe Research upgraded shares of 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. Finally, Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $66.00.

Alliant Energy Price Performance

LNT opened at $68.12 on Tuesday. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $68.19. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 3.14 and a beta of 0.54. 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 stock’s 50-day moving average price is $65.32 and its 200 day moving average price is $62.93.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $977.15 million. During the same quarter last year, the business posted $0.57 EPS. 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 expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

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

Alliant Energy Company 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.