Ibex Wealth Advisors Takes Position in Alliant Energy Corporation $LNT

Ibex Wealth Advisors purchased a new position in Alliant Energy Corporation (NASDAQ:LNT) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,133 shares of the company’s stock, valued at approximately $310,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Alliant Energy by 19.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock worth $3,566,000 after purchasing an additional 8,959 shares during the last quarter. Ballentine Partners LLC bought a new stake in Alliant Energy in the 2nd quarter worth about $238,000. Ilmarinen Mutual Pension Insurance Co increased its holdings in Alliant Energy by 152.9% in the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 86,000 shares of the company’s stock worth $5,534,000 after buying an additional 52,000 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Alliant Energy by 23.2% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,943 shares of the company’s stock worth $2,173,000 after buying an additional 6,759 shares during the last quarter. Finally, Public Employees Retirement System of Ohio lifted its stake in Alliant Energy by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 85,692 shares of the company’s stock valued at $5,182,000 after acquiring an additional 850 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.6%

LNT opened at $66.96 on Tuesday. The firm’s 50 day simple moving average is $66.46 and its two-hundred day simple moving average is $64.03. The company has a market capitalization of $17.21 billion, a PE ratio of 20.67, a PEG ratio of 3.20 and a beta of 0.57. Alliant Energy Corporation has a 1-year low of $56.30 and a 1-year high of $69.75. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data 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 business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. As a group, equities analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be given a $0.5075 dividend. The ex-dividend date is Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio is presently 63.84%.

Analysts Set New Price Targets

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