Invesco Ltd. Has $294.19 Million Stock Holdings in Alliant Energy Corporation $LNT

Invesco Ltd. decreased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 29.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,865,114 shares of the company’s stock after selling 2,069,452 shares during the quarter. Invesco Ltd. owned 1.89% of Alliant Energy worth $294,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position 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 purchasing an additional 481,487 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Alliant Energy by 5.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company’s stock valued at $428,252,000 after buying an additional 384,204 shares during the period. Northern Trust Corp raised its holdings in shares of Alliant Energy by 1.3% during the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock worth $157,208,000 after acquiring an additional 30,608 shares in the last quarter. Legal & General Group Plc raised its holdings 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 worth $143,238,000 after acquiring an additional 149,679 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in 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 valued at $138,575,000 after purchasing an additional 21,036 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on LNT. Bank of America increased 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. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Wolfe Research restated an “outperform” rating and issued a $76.00 price target on shares of Alliant Energy in a research report on Monday, December 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $78.00 target price on shares of Alliant Energy in a research note on Monday, November 24th. Finally, BMO Capital Markets upped their price target on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a report on Friday, October 17th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $70.88.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $65.50 on Friday. Alliant Energy Corporation has a 12-month low of $56.30 and a 12-month high of $69.75. The firm has a market capitalization of $16.84 billion, a PE ratio of 20.60, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The firm has a 50-day moving average price of $67.67 and a 200 day moving average price of $64.86. 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 posted its 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter last year, the business earned $1.15 EPS. Alliant Energy’s quarterly 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. Research analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were given a $0.5075 dividend. 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 63.84%.

Alliant Energy 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.