Alliant Energy Corporation $LNT Stake Boosted by Carnegie Investment Counsel

Carnegie Investment Counsel raised its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 4.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 622,821 shares of the company’s stock after buying an additional 24,482 shares during the quarter. Alliant Energy accounts for 0.8% of Carnegie Investment Counsel’s portfolio, making the stock its 27th largest position. Carnegie Investment Counsel’s holdings in Alliant Energy were worth $41,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of Alliant Energy during the second quarter valued at approximately $29,000. Bartlett & CO. Wealth Management LLC grew its position in Alliant Energy by 81.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after purchasing an additional 222 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Alliant Energy during the 2nd quarter valued at $30,000. Country Trust Bank purchased a new stake in shares of Alliant Energy in the second quarter valued at $30,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of 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 in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of research analyst reports. Bank of America lifted their price target on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. Wolfe Research reaffirmed an “outperform” rating and set a $76.00 target price on shares of Alliant Energy in a research note on Monday, December 1st. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. BMO Capital Markets raised their price target on shares of Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a report on Friday, October 17th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 price objective on shares of Alliant Energy in a research report on Monday, November 24th. Five equities research 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 MarketBeat.com, Alliant Energy presently has a consensus rating of “Moderate Buy” and an average price target of $70.86.

Alliant Energy Stock Down 0.3%

Shares of Alliant Energy stock opened at $65.24 on Friday. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 2.85 and a beta of 0.66. The stock has a 50-day simple moving average of $66.95 and a 200-day simple moving average of $65.23. 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 current ratio of 0.83 and a quick ratio of 0.70.

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

Alliant Energy Dividend Announcement

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

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.