Rhumbline Advisers Purchases 12,678 Shares of Alliant Energy Corporation $LNT

Rhumbline Advisers grew its position in Alliant Energy Corporation (NASDAQ:LNT) by 2.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 558,788 shares of the company’s stock after acquiring an additional 12,678 shares during the quarter. Rhumbline Advisers owned 0.22% of Alliant Energy worth $33,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rossby Financial LCC purchased a new stake in Alliant Energy during the second quarter valued at $29,000. Global Trust Asset Management LLC purchased a new stake in shares of Alliant Energy during the 2nd quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Alliant Energy by 81.6% in the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock valued at $30,000 after acquiring an additional 222 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Alliant Energy by 84.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock valued at $31,000 after acquiring an additional 237 shares during the last quarter. Finally, Quarry LP purchased a new position in Alliant Energy in the first quarter worth about $40,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.1%

Shares of LNT opened at $68.48 on Wednesday. The firm has a fifty day moving average price of $67.23 and a 200-day moving average price of $64.56. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $17.60 billion, a P/E ratio of 21.14, a P/E/G ratio of 3.20 and a beta of 0.57. Alliant Energy Corporation has a 12-month low of $56.30 and a 12-month high of $69.75.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.34 billion. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were paid a $0.5075 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.03 annualized dividend and a yield of 3.0%. Alliant Energy’s dividend payout ratio is 63.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. UBS Group raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $74.00 to $79.00 in a research note on Friday, October 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research note on Monday. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Bank of America raised their target price on shares of Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.88.

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.