Alliant Energy Corporation $LNT Stock Holdings Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 10.4% during the second quarter, HoldingsChannel.com reports. The fund owned 539,775 shares of the company’s stock after acquiring an additional 50,725 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Alliant Energy were worth $32,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LNT. Foundations Investment Advisors LLC bought a new stake in Alliant Energy in the second quarter valued at $379,000. Massachusetts Financial Services Co. MA grew its stake in shares of Alliant Energy by 5.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company’s stock worth $428,252,000 after purchasing an additional 384,204 shares in the last quarter. Arvest Bank Trust Division grew its position in Alliant Energy by 1.9% in the 2nd quarter. Arvest Bank Trust Division now owns 41,333 shares of the company’s stock valued at $2,499,000 after buying an additional 786 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake in shares of Alliant Energy by 4.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 38,837 shares of the company’s stock valued at $2,348,000 after acquiring an additional 1,774 shares during the period. Finally, ABC Arbitrage SA acquired a new position in shares of Alliant Energy during the 2nd quarter valued at $738,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Price Performance

Alliant Energy stock opened at $67.33 on Friday. Alliant Energy Corporation has a one year low of $56.30 and a one year high of $69.75. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The business has a 50 day simple moving average of $66.71 and a 200 day simple moving average of $64.20. The company has a market capitalization of $17.31 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.34 billion. 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 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, sell-side analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, October 31st. Alliant Energy’s dividend payout ratio is presently 63.84%.

Analysts Set New Price Targets

A number of research firms recently commented on LNT. UBS Group upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $74.00 to $79.00 in a report on Friday, October 24th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a research note on Wednesday, October 8th. Bank of America increased their price target on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. BMO Capital Markets boosted their target price on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research 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. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $69.00.

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.