Strs Ohio Boosts Stock Position in Alliant Energy Corporation $LNT

Strs Ohio grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 23.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,132 shares of the company’s stock after acquiring an additional 8,494 shares during the period. Strs Ohio’s holdings in Alliant Energy were worth $2,669,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LNT. Teacher Retirement System of Texas bought a new position in Alliant Energy in the first quarter valued at $2,414,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 valued at $3,566,000 after acquiring an additional 8,959 shares during the last quarter. Ballentine Partners LLC bought a new position in Alliant Energy in the second quarter valued at $238,000. Ilmarinen Mutual Pension Insurance Co increased its stake in Alliant Energy by 152.9% in the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 86,000 shares of the company’s stock valued at $5,534,000 after acquiring an additional 52,000 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Alliant Energy by 23.2% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,943 shares of the company’s stock valued at $2,173,000 after acquiring an additional 6,759 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.5%

NASDAQ LNT opened at $66.47 on Tuesday. 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 stock has a market capitalization of $17.08 billion, a PE ratio of 20.52, a PEG ratio of 3.20 and a beta of 0.54. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $69.75. The business’s 50-day moving average is $66.31 and its 200 day moving average is $63.82.

Alliant Energy (NASDAQ:LNT) last posted 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 company had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.Alliant Energy’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Sell-side analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be paid a $0.5075 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

Analyst Ratings Changes

LNT has been the topic of a number of research analyst reports. Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 target price on the stock in a research note on Monday, July 7th. Bank of America raised their price objective on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 17th. UBS Group raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $74.00 to $79.00 in a research note on Friday, October 24th. BMO Capital Markets raised their price objective 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. Finally, Barclays set a $65.00 price objective on Alliant Energy and gave the company an “underweight” rating in a research note on Tuesday, October 14th. Five 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. According to MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target of $69.00.

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.