SG Americas Securities LLC Buys 57,178 Shares of Alliant Energy Corporation $LNT

SG Americas Securities LLC boosted its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 210.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,398 shares of the company’s stock after buying an additional 57,178 shares during the quarter. SG Americas Securities LLC’s holdings in Alliant Energy were worth $5,689,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HB Wealth Management LLC boosted its stake in shares of Alliant Energy by 7.6% during the 3rd quarter. HB Wealth Management LLC now owns 8,886 shares of the company’s stock worth $599,000 after purchasing an additional 631 shares during the period. Strategic Blueprint LLC lifted its stake in Alliant Energy by 4.3% in the third quarter. Strategic Blueprint LLC now owns 22,194 shares of the company’s stock worth $1,496,000 after purchasing an additional 918 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Alliant Energy by 6.6% during the third quarter. Park Avenue Securities LLC now owns 5,277 shares of the company’s stock valued at $356,000 after buying an additional 328 shares during the period. New Perspectives Inc bought a new position in shares of Alliant Energy during the third quarter valued at approximately $217,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Alliant Energy by 15.3% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 706,575 shares of the company’s stock worth $47,630,000 after buying an additional 93,935 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $65.02 on Friday. 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 stock’s fifty day moving average price is $66.34 and its 200-day moving average price is $65.57. The firm has a market cap of $16.71 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.64 and a beta of 0.67. Alliant Energy Corporation has a 12 month low of $56.30 and a 12 month high of $69.75.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.05). The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.15 earnings per share. 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 disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were issued a dividend of $0.5075 per share. 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 dividend payout ratio (DPR) is presently 63.84%.

Wall Street Analyst Weigh In

LNT has been the subject of a number of recent analyst reports. Bank of America boosted their price objective on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. UBS Group set a $75.00 target price on shares of Alliant Energy and gave the company a “buy” rating in a research note on Wednesday, December 17th. Jefferies Financial Group restated a “buy” rating and issued a $78.00 price target 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 report on Saturday, November 8th. Finally, Wolfe Research reissued an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a research report on Monday, December 1st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $70.86.

About Alliant Energy

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.