Goldstein Advisors LLC Trims Holdings in Alliant Energy Corporation $LNT

Goldstein Advisors LLC lowered its position in Alliant Energy Corporation (NASDAQ:LNT) by 29.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,505 shares of the company’s stock after selling 8,415 shares during the quarter. Goldstein Advisors LLC’s holdings in Alliant Energy were worth $1,382,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Rossby Financial LCC acquired a new stake in Alliant Energy during the 2nd quarter worth approximately $29,000. Global Trust Asset Management LLC purchased a new stake in Alliant Energy in the second quarter valued at $30,000. Bartlett & CO. Wealth Management LLC boosted its position 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 purchasing an additional 222 shares during the period. Country Trust Bank acquired a new stake in shares of Alliant Energy in the second quarter valued at approximately $30,000. Finally, First Horizon Advisors Inc. raised its position in 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 purchasing an additional 237 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on LNT. Jefferies Financial Group restated a “buy” rating and issued a $78.00 price objective on shares of Alliant Energy in a research note on Monday, November 24th. Bank of America increased their price objective on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Wall Street Zen lowered Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Wolfe Research reaffirmed an “outperform” rating and set a $76.00 price target on shares of Alliant Energy in a report on Monday, December 1st. Finally, UBS Group set a $75.00 price objective on shares of Alliant Energy and gave the company a “buy” rating in a research report on Wednesday, December 17th. Five equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.86.

Alliant Energy Trading Down 0.6%

Shares of LNT opened at $65.01 on Friday. 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 Corporation has a 1-year low of $56.30 and a 1-year high of $69.75. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.83 and a beta of 0.67. The firm has a 50 day simple moving average of $66.69 and a 200-day simple moving average of $65.34.

Alliant Energy (NASDAQ:LNT) last posted 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 company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, October 31st. Alliant Energy’s payout ratio 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.