Alliant Energy Corporation $LNT Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 15.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 706,575 shares of the company’s stock after acquiring an additional 93,935 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Alliant Energy were worth $47,630,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Gladstone Institutional Advisory LLC raised its stake in Alliant Energy by 3.3% during the third quarter. Gladstone Institutional Advisory LLC now owns 13,169 shares of the company’s stock worth $888,000 after purchasing an additional 423 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Alliant Energy by 15.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 38,376 shares of the company’s stock worth $2,587,000 after buying an additional 5,199 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Alliant Energy by 6.2% during the 3rd quarter. D.A. Davidson & CO. now owns 8,741 shares of the company’s stock valued at $589,000 after buying an additional 511 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Alliant Energy by 2.2% in the third quarter. Commonwealth Equity Services LLC now owns 127,330 shares of the company’s stock valued at $8,583,000 after acquiring an additional 2,732 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Alliant Energy by 3.5% in the third quarter. Asset Management One Co. Ltd. now owns 158,761 shares of the company’s stock worth $10,702,000 after acquiring an additional 5,395 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on LNT shares. Bank of America lifted their target price on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Jefferies Financial Group reissued a “buy” rating and set a $78.00 price objective on shares of Alliant Energy in a research report on Monday, November 24th. BMO Capital Markets boosted their price objective on shares of Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Wolfe Research reaffirmed an “outperform” rating and issued a $76.00 target price on shares of Alliant Energy in a research report on Monday, December 1st. Finally, Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an “underweight” rating in a research report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $70.86.

Alliant Energy Price Performance

LNT stock opened at $65.38 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $16.81 billion, a PE ratio of 20.56, a P/E/G ratio of 2.63 and a beta of 0.67. Alliant Energy Corporation has a 12-month low of $56.30 and a 12-month high of $69.75. The business’s fifty day moving average price is $66.49 and its 200 day moving average price is $65.52.

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 firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.15 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. On average, sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 17th. Investors 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 of this dividend was Friday, October 31st. Alliant Energy’s dividend payout ratio is presently 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.