8,844 Shares in Alliant Energy Corporation $LNT Acquired by Live Oak Investment Partners

Live Oak Investment Partners acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 8,844 shares of the company’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in LNT. Vanguard Group Inc. increased its stake in shares of Alliant Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock worth $2,013,875,000 after buying an additional 481,487 shares during the period. Massachusetts Financial Services Co. MA increased its position 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 acquiring an additional 384,204 shares during the period. Legal & General Group Plc raised its stake in shares of Alliant Energy by 6.7% during the second quarter. Legal & General Group Plc now owns 2,368,752 shares of the company’s stock valued at $143,238,000 after acquiring an additional 149,679 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Alliant Energy by 0.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,291,630 shares of the company’s stock worth $138,575,000 after purchasing an additional 21,036 shares during the period. Finally, Johnson Investment Counsel Inc. grew its stake in shares of Alliant Energy by 2.8% in the second quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock worth $116,358,000 after purchasing an additional 51,820 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.3%

NASDAQ LNT opened at $67.06 on Friday. The firm has a market capitalization of $17.24 billion, a PE ratio of 21.09, a P/E/G ratio of 2.71 and a beta of 0.67. The stock’s 50 day moving average is $66.31 and its 200 day moving average is $65.70. Alliant Energy Corporation has a twelve month low of $57.09 and a twelve month high of $69.75. The company has a quick ratio of 0.70, a current ratio of 0.83 and a debt-to-equity ratio of 1.46.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 19.14% and a return on equity of 12.02%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be paid a dividend of $0.535 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, January 30th. Alliant Energy’s payout ratio is 63.84%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Argus reaffirmed a “hold” rating on shares of Alliant Energy in a research report on Friday, January 9th. Bank of America boosted their target price on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Barclays set a $65.00 price target on Alliant Energy and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a research report on Monday, December 29th. Finally, Wolfe Research restated an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a report on Monday, December 1st. Six analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.