MQS Management LLC Purchases 468 Shares of Alliant Energy Corporation $LNT

MQS Management LLC grew its position in Alliant Energy Corporation (NASDAQ:LNT) by 7.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,698 shares of the company’s stock after buying an additional 468 shares during the period. MQS Management LLC’s holdings in Alliant Energy were worth $405,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Alliant Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock valued at $2,112,110,000 after acquiring an additional 158,507 shares during the period. Northern Trust Corp lifted its holdings in shares of Alliant Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock valued at $157,208,000 after purchasing an additional 30,608 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Alliant Energy by 0.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company’s stock valued at $146,113,000 after purchasing an additional 17,681 shares during the period. Johnson Investment Counsel Inc. increased its stake in Alliant Energy by 2.8% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock worth $116,358,000 after purchasing an additional 51,820 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Alliant Energy by 98.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after buying an additional 538,603 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LNT shares. Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Sunday, September 28th. UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $74.00 to $79.00 in a research note on Friday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a report on Friday. 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, Wolfe Research upgraded Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a report on Monday, July 7th. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $68.56.

Alliant Energy Trading Up 0.5%

Alliant Energy stock opened at $68.97 on Monday. The company has a market cap of $17.72 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 3.26 and a beta of 0.54. The firm has a 50-day moving average of $66.11 and a 200-day moving average of $63.51. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy Corporation has a one year low of $56.08 and a one year high of $69.75.

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, topping the consensus estimate 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%.Alliant Energy’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior 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, equities analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company 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 dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 31st. Alliant Energy’s dividend payout ratio is 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.