Nomura Asset Management Co. Ltd. Boosts Stake in Alliant Energy Corporation $LNT

Nomura Asset Management Co. Ltd. grew its position in Alliant Energy Corporation (NASDAQ:LNT) by 1.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,071 shares of the company’s stock after acquiring an additional 843 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Alliant Energy were worth $5,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LNT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 buying an additional 8,959 shares during the period. Ballentine Partners LLC purchased a new position in Alliant Energy during the 2nd quarter worth approximately $238,000. Johnson Investment Counsel Inc. raised its holdings in shares of Alliant Energy by 2.8% in the second quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock valued at $116,358,000 after buying an additional 51,820 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co raised its stake in shares of Alliant Energy by 152.9% during the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 86,000 shares of the company’s stock worth $5,534,000 after purchasing an additional 52,000 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of 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 acquiring an additional 6,759 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LNT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research note on Monday. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. BMO Capital Markets boosted their target price on shares of Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Bank of America raised their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, UBS Group upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $74.00 to $79.00 in a report on Friday, October 24th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and a consensus price target of $69.00.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $68.27 on Friday. 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 Corporation has a one year low of $56.30 and a one year high of $69.75. The company has a market capitalization of $17.55 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 3.20 and a beta of 0.57. The stock has a fifty day moving average of $67.06 and a 200-day moving average of $64.42.

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

Alliant Energy Dividend Announcement

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