Live Oak Investment Partners Acquires New Stake in Alliant Energy Corporation $LNT

Live Oak Investment Partners bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 8,844 shares of the company’s stock, valued at approximately $596,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Centaurus Financial Inc. raised its position in shares of Alliant Energy by 9.7% during the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock worth $115,000 after acquiring an additional 167 shares during the last quarter. Integrity Alliance LLC. raised its holdings in Alliant Energy by 3.0% during the 2nd quarter. Integrity Alliance LLC. now owns 6,006 shares of the company’s stock worth $363,000 after purchasing an additional 173 shares during the last quarter. Moss Adams Wealth Advisors LLC lifted its position in shares of Alliant Energy by 4.8% in the 2nd quarter. Moss Adams Wealth Advisors LLC now owns 3,805 shares of the company’s stock worth $230,000 after purchasing an additional 176 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Alliant Energy by 1.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 14,412 shares of the company’s stock worth $871,000 after purchasing an additional 193 shares during the period. Finally, CFC Planning Co LLC boosted its stake in shares of Alliant Energy by 3.7% in the 2nd quarter. CFC Planning Co LLC now owns 5,451 shares of the company’s stock valued at $330,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.4%

Shares of NASDAQ:LNT opened at $67.34 on Tuesday. Alliant Energy Corporation has a 52-week low of $57.09 and a 52-week high of $69.75. The business’s 50 day simple moving average is $66.32 and its two-hundred day simple moving average is $65.86. 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 cap of $17.31 billion, a P/E ratio of 21.18, a PEG ratio of 2.73 and a beta of 0.67.

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

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s payout ratio is 63.84%.

Wall Street Analyst Weigh In

LNT has been the subject of a number of analyst reports. BMO Capital Markets raised shares of Alliant Energy from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $71.00 in a research note on Tuesday, January 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 29th. 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. Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a research note on Monday, November 24th. Finally, UBS Group set a $75.00 target price on Alliant Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.88.

Alliant Energy Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.