Greenland Capital Management LP Purchases 125,148 Shares of Alliant Energy Corporation $LNT

Greenland Capital Management LP lifted its position in Alliant Energy Corporation (NASDAQ:LNT) by 90.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 263,630 shares of the company’s stock after acquiring an additional 125,148 shares during the quarter. Alliant Energy accounts for approximately 1.7% of Greenland Capital Management LP’s holdings, making the stock its 7th largest position. Greenland Capital Management LP owned 0.10% of Alliant Energy worth $15,942,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC increased its stake in Alliant Energy by 28.9% during the first quarter. Larson Financial Group LLC now owns 931 shares of the company’s stock valued at $60,000 after purchasing an additional 209 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Alliant Energy by 28.8% during the 1st quarter. Private Advisor Group LLC now owns 15,767 shares of the company’s stock valued at $1,015,000 after buying an additional 3,521 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in Alliant Energy during the first quarter worth about $2,413,000. Teachers Retirement System of The State of Kentucky lifted its holdings in Alliant Energy by 3.9% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 19,810 shares of the company’s stock worth $1,275,000 after acquiring an additional 737 shares during the last quarter. Finally, Lindbrook Capital LLC boosted its stake in Alliant Energy by 1,074.7% in the first quarter. Lindbrook Capital LLC now owns 3,301 shares of the company’s stock valued at $212,000 after acquiring an additional 3,020 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a research report on Monday. UBS Group upgraded Alliant Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $74.00 to $79.00 in a research note on Friday, October 24th. BMO Capital Markets raised their target price on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th. Finally, Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $69.00.

Alliant Energy Trading Down 0.0%

Shares of LNT stock opened at $68.09 on Wednesday. Alliant Energy Corporation has a 1 year low of $56.30 and a 1 year high of $69.75. The firm has a market capitalization of $17.50 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The stock has a fifty day moving average of $66.87 and a two-hundred day moving average of $64.32. 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 (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.05). The company had revenue of $1.21 billion during 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 business’s revenue for the quarter was up 11.9% compared to the same quarter last year. 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. As a group, research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Friday, October 31st were issued a $0.5075 dividend. The ex-dividend date was Friday, October 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is 63.84%.

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.