Strs Ohio Has $414,000 Stake in Alliant Energy Corporation $LNT

Strs Ohio reduced its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 86.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,142 shares of the company’s stock after selling 37,990 shares during the quarter. Strs Ohio’s holdings in Alliant Energy were worth $414,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNT. Balyasny Asset Management L.P. bought a new position in shares of Alliant Energy during the 2nd quarter worth approximately $82,265,000. Goldman Sachs Group Inc. raised its stake in Alliant Energy by 98.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock valued at $69,792,000 after acquiring an additional 538,603 shares during the period. Vanguard Group Inc. lifted its holdings in Alliant Energy by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock valued at $2,013,875,000 after purchasing an additional 481,487 shares during the last quarter. Liberty One Investment Management LLC boosted its position in Alliant Energy by 91.7% during the third quarter. Liberty One Investment Management LLC now owns 984,790 shares of the company’s stock worth $66,389,000 after purchasing an additional 470,967 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Alliant Energy by 5.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company’s stock valued at $428,252,000 after purchasing an additional 384,204 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. 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 research note on Friday, October 17th. Jefferies Financial Group restated a “buy” rating and set a $78.00 price objective on shares of Alliant Energy in a report on Monday, November 24th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 29th. UBS Group set a $75.00 price target on Alliant Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, Argus reaffirmed a “hold” rating on shares of Alliant Energy in a report on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and an average target price of $71.13.

Alliant Energy Trading Down 0.6%

Shares of NASDAQ:LNT opened at $65.91 on Friday. The business’s 50 day simple moving average is $66.14 and its 200 day simple moving average is $66.13. Alliant Energy Corporation has a 1 year low of $57.09 and a 1 year 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. The company has a market capitalization of $16.94 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.70 and a beta of 0.67.

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

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, January 30th. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s dividend payout ratio is presently 63.84%.

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.