Westwood Holdings Group Inc. Has $8.63 Million Stake in Alliant Energy Corporation $LNT

Westwood Holdings Group Inc. increased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 8.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 142,780 shares of the company’s stock after purchasing an additional 10,830 shares during the quarter. Westwood Holdings Group Inc.’s holdings in Alliant Energy were worth $8,634,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rossby Financial LCC acquired a new stake in Alliant Energy during the 2nd quarter worth $29,000. Global Trust Asset Management LLC bought a new position in shares of Alliant Energy in the 2nd quarter worth $30,000. Bartlett & CO. Wealth Management LLC grew its stake in shares of Alliant Energy by 81.6% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after purchasing an additional 222 shares during the period. Country Trust Bank acquired a new stake in shares of Alliant Energy during the second quarter worth $30,000. Finally, First Horizon Advisors Inc. increased its holdings in Alliant Energy by 84.9% in the second quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock valued at $31,000 after purchasing an additional 237 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LNT shares. Jefferies Financial Group restated a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a report on Monday, November 24th. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 8th. Wolfe Research reiterated an “outperform” rating and issued a $76.00 target price on shares of Alliant Energy in a report on Monday, December 1st. Finally, UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $79.00 in a research report on Friday, October 24th. Five investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.43.

Alliant Energy Price Performance

Shares of LNT opened at $65.63 on Tuesday. The stock has a 50 day simple moving average of $67.43 and a 200 day simple moving average of $65.03. Alliant Energy Corporation has a 52-week low of $56.30 and a 52-week high of $69.75. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 0.83. The firm has a market capitalization of $16.87 billion, a PE ratio of 20.64, a P/E/G ratio of 2.84 and a beta of 0.66.

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

Alliant Energy Dividend Announcement

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

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.