First Merchants Corp Has $1.25 Million Stock Holdings in Alliant Energy Corporation $LNT

First Merchants Corp cut its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,616 shares of the company’s stock after selling 156 shares during the quarter. First Merchants Corp’s holdings in Alliant Energy were worth $1,247,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hughes Financial Services LLC acquired a new stake in shares of Alliant Energy in the first quarter valued at $27,000. Alpine Bank Wealth Management acquired a new stake in shares of Alliant Energy in the first quarter valued at $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Alliant Energy in the second quarter valued at $30,000. Bartlett & CO. Wealth Management LLC increased its stake in shares of Alliant Energy by 81.6% in the second quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock valued at $30,000 after buying an additional 222 shares in the last quarter. Finally, Tsfg LLC acquired a new stake in shares of Alliant Energy in the first quarter valued at $34,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Shares of LNT opened at $67.24 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $68.52. The stock has a market cap of $17.28 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 3.19 and a beta of 0.54. The stock’s 50-day moving average price is $65.49 and its two-hundred day moving average price is $63.03.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $977.15 million. During the same quarter in the previous year, the business posted $0.57 EPS. Alliant Energy’s revenue for the quarter was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, equities analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, July 31st. Alliant Energy’s payout ratio is 62.65%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LNT. Bank of America raised their target price on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, August 14th. BMO Capital Markets reiterated a “market perform” rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. UBS Group reiterated a “neutral” rating and issued a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday. Finally, Wolfe Research upgraded Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a report on Monday, July 7th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $66.00.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.