Olistico Wealth LLC Has $2.71 Million Stake in Alliant Energy Corporation $LNT

Olistico Wealth LLC raised its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 110.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 40,238 shares of the company’s stock after acquiring an additional 21,132 shares during the quarter. Alliant Energy comprises 1.4% of Olistico Wealth LLC’s portfolio, making the stock its 17th biggest holding. Olistico Wealth LLC’s holdings in Alliant Energy were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the stock. Balyasny Asset Management L.P. bought a new position in shares of Alliant Energy in the 2nd quarter valued at approximately $82,265,000. Goldman Sachs Group Inc. boosted its position in Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after purchasing an additional 538,603 shares during the period. Vanguard Group Inc. grew its holdings in Alliant Energy by 1.5% during the second 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. Massachusetts Financial Services Co. MA raised 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 purchasing an additional 384,204 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Alliant Energy by 77.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 619,887 shares of the company’s stock worth $37,485,000 after buying an additional 270,199 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.8%

LNT stock opened at $65.02 on Friday. Alliant Energy Corporation has a twelve month low of $56.30 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. The company has a market cap of $16.71 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 2.64 and a beta of 0.67. The business’s 50-day simple moving average is $66.34 and its 200 day simple moving average is $65.57.

Alliant Energy (NASDAQ:LNT) last announced 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). Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $1.15 EPS. 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, research analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.1%. Alliant Energy’s payout ratio is currently 63.84%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Argus reiterated a “hold” rating on shares of Alliant Energy in a research note on Friday. UBS Group set a $75.00 price objective on Alliant Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Bank of America raised their target price on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Wolfe Research reiterated an “outperform” rating and set a $76.00 price target on shares of Alliant Energy in a report on Monday, December 1st. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.86.

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.