Vaughan David Investments LLC IL Lowers Holdings in Alliant Energy Corporation $LNT

Vaughan David Investments LLC IL decreased its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 768,709 shares of the company’s stock after selling 8,924 shares during the period. Vaughan David Investments LLC IL owned about 0.30% of Alliant Energy worth $51,819,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rossby Financial LCC acquired a new stake in Alliant Energy in the second quarter valued at approximately $29,000. Global Trust Asset Management LLC acquired a new stake in shares of Alliant Energy in the 2nd quarter valued at $30,000. Bartlett & CO. Wealth Management LLC lifted its position in shares of Alliant Energy by 81.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company’s stock worth $30,000 after purchasing an additional 222 shares during the last quarter. Country Trust Bank acquired a new position in shares of Alliant Energy during the second quarter worth $30,000. Finally, First Horizon Advisors Inc. increased its holdings in Alliant Energy by 84.9% in the second quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock valued at $31,000 after buying an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Argus reiterated a “hold” rating on shares of Alliant Energy in a research note on Friday, January 9th. UBS Group set a $75.00 price objective on shares of Alliant Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $78.00 target price on shares of Alliant Energy in a research report on Monday, November 24th. Finally, Barclays set a $65.00 price objective on shares of Alliant Energy and gave the company an “underweight” rating in a research note on Tuesday, October 14th. Seven analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.88.

Alliant Energy Stock Up 0.2%

LNT opened at $67.22 on Tuesday. The business has a 50 day moving average price of $66.32 and a two-hundred day moving average price of $65.86. Alliant Energy Corporation has a 52 week low of $57.09 and a 52 week high of $69.75. The company has a market cap of $17.28 billion, a PE ratio of 21.14, a P/E/G ratio of 2.73 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 announced its quarterly earnings data on Thursday, November 6th. The company reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.05). Alliant Energy had a net margin of 19.14% and a return on equity of 12.02%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The business’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. As a group, research analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th will be given a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s 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.