Alliant Energy Corporation $LNT Shares Acquired by Investment Management Corp of Ontario

Investment Management Corp of Ontario lifted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 257.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,871 shares of the company’s stock after purchasing an additional 93,508 shares during the period. Investment Management Corp of Ontario’s holdings in Alliant Energy were worth $7,853,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Vanguard Group Inc. raised its stake in Alliant Energy by 1.5% during the second quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock valued at $2,013,875,000 after buying an additional 481,487 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Alliant Energy by 5.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company’s stock valued at $428,252,000 after acquiring an additional 384,204 shares in the last quarter. Northern Trust Corp lifted its stake in Alliant Energy by 1.3% during the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock worth $157,208,000 after purchasing an additional 30,608 shares during the last quarter. Legal & General Group Plc lifted its stake in Alliant Energy by 6.7% during the second quarter. Legal & General Group Plc now owns 2,368,752 shares of the company’s stock worth $143,238,000 after purchasing an additional 149,679 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Alliant Energy by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,291,630 shares of the company’s stock worth $138,575,000 after purchasing an additional 21,036 shares during the period. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

LNT has been the topic of a number of research reports. Barclays set a $65.00 target price on shares of Alliant Energy and gave the stock an “underweight” rating in a report on Tuesday, October 14th. BMO Capital Markets increased their price objective on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a research note on Friday, October 17th. Wolfe Research reissued an “outperform” rating and issued a $76.00 target price on shares of Alliant Energy in a report on Monday, December 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a report on Monday, November 24th. Finally, Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $70.88.

Alliant Energy Stock Performance

LNT opened at $64.89 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The business’s 50 day moving average is $67.58 and its 200-day moving average is $64.93. The stock has a market cap of $16.68 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. Alliant Energy Corporation has a twelve month low of $56.30 and a twelve month high of $69.75.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.05). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Friday, October 31st. Alliant Energy’s payout ratio is currently 63.84%.

Alliant Energy Company 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.