Alliant Energy Corporation $LNT Shares Bought by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. raised its stake in Alliant Energy Corporation (NASDAQ:LNT) by 48.9% in the second quarter, HoldingsChannel reports. The fund owned 52,376 shares of the company’s stock after purchasing an additional 17,200 shares during the period. Ramirez Asset Management Inc.’s holdings in Alliant Energy were worth $3,167,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new position in shares of Alliant Energy during the 1st quarter worth approximately $2,414,000. Sowell Financial Services LLC acquired a new stake in shares of Alliant Energy in the 1st quarter worth $316,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Alliant Energy by 1.9% during the 1st 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Alliant Energy by 19.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock worth $3,566,000 after buying an additional 8,959 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in 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 during the period. 79.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on LNT shares. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday. UBS Group reissued a “neutral” rating and set a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. 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 research report on Monday, July 7th. Finally, Bank of America raised their target price on Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $66.00.

Alliant Energy Trading Down 0.9%

LNT opened at $67.24 on Friday. The firm has a market cap of $17.28 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 3.19 and a beta of 0.54. Alliant Energy Corporation has a 52 week low of $56.08 and a 52 week high of $68.52. The business’s 50 day moving average is $65.49 and its two-hundred day moving average is $63.03. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The business had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. 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 business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s payout ratio is presently 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.