Rise Advisors LLC Sells 367 Shares of Alliant Energy Corporation $LNT

Rise Advisors LLC trimmed its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 8.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,150 shares of the company’s stock after selling 367 shares during the quarter. Rise Advisors LLC’s holdings in Alliant Energy were worth $251,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Hughes Financial Services LLC bought a new stake in Alliant Energy during the 1st quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new stake in Alliant Energy during the 1st quarter valued at approximately $29,000. Tsfg LLC bought a new stake in Alliant Energy during the 1st quarter valued at approximately $34,000. TD Private Client Wealth LLC bought a new stake in Alliant Energy during the 1st quarter valued at approximately $34,000. Finally, First Command Advisory Services Inc. bought a new stake in Alliant Energy during the 1st quarter valued at approximately $34,000. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on LNT. BMO Capital Markets reaffirmed a “market perform” rating and set a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a research report on Monday, July 7th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Bank of America boosted their price target on Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, UBS Group reissued a “neutral” rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average target price of $65.50.

Alliant Energy Stock Performance

Shares of LNT opened at $64.86 on Monday. Alliant Energy Corporation has a 52 week low of $56.08 and a 52 week high of $67.11. The stock has a market cap of $16.67 billion, a P/E ratio of 20.02, a P/E/G ratio of 3.05 and a beta of 0.54. The business’s 50 day moving average price is $64.62 and its 200-day moving average price is $62.69. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. During the same period in the previous year, the business earned $0.57 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Equities research analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, July 31st. Alliant Energy’s payout ratio is presently 62.65%.

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.