Summit Global Investments Makes New Investment in Alliant Energy Corporation $LNT

Summit Global Investments bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,445 shares of the company’s stock, valued at approximately $771,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Centaurus Financial Inc. grew its holdings in shares of Alliant Energy by 9.7% during the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock valued at $115,000 after purchasing an additional 167 shares during the last quarter. Integrity Alliance LLC. increased its holdings in shares of Alliant Energy by 3.0% in the 2nd quarter. Integrity Alliance LLC. now owns 6,006 shares of the company’s stock worth $363,000 after acquiring an additional 173 shares during the period. CFC Planning Co LLC lifted its position in Alliant Energy by 3.7% in the 2nd quarter. CFC Planning Co LLC now owns 5,451 shares of the company’s stock valued at $330,000 after purchasing an additional 197 shares during the last quarter. State of Michigan Retirement System boosted its stake in Alliant Energy by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 69,859 shares of the company’s stock valued at $4,224,000 after purchasing an additional 200 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Alliant Energy by 17.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,475 shares of the company’s stock worth $89,000 after purchasing an additional 219 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.6%

Shares of Alliant Energy stock opened at $65.91 on Friday. The business has a fifty day simple moving average of $66.14 and a 200-day simple moving average of $66.13. Alliant Energy Corporation has a fifty-two week low of $57.09 and a fifty-two week high of $69.75. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.70 and a beta of 0.67. 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 issued its quarterly earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.05). Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the firm posted $1.15 earnings per share. Alliant Energy’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, equities analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LNT shares. Wells Fargo & Company assumed coverage on Alliant Energy in a research report on Tuesday, January 20th. They set an “overweight” rating and a $71.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a research note on Monday, November 24th. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Bank of America upped their price objective 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. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.13.

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.