On September 17, 2023, financial services firm B.O.S.S. Retirement Advisors LLC disclosed a reduction in its stake in Alliant Energy Co. (NASDAQ:LNT) during the second quarter. According to the company’s latest Form 13F filing with the Securities and Exchange Commission (SEC), B.O.S.S. Retirement Advisors LLC sold 3,053 shares of Alliant Energy stock, representing a decrease of 9.0% in its holdings. As a result, the firm now owns 31,039 shares of the company’s stock, with an estimated value of $1,629,000 based on its most recent SEC filing.
Alliant Energy Co., listed under NASDAQ as LNT, recently announced its quarterly earnings results for the period ending on Friday, August 4th. During this time frame, the company reported earnings per share (EPS) amounting to $0.64 for the quarter. This exceeded analysts’ consensus estimates by $0.05 per share as they had expected EPS of $0.59.
Furthermore, Alliant Energy demonstrated a net margin of 15.73% and a return on equity of 10.63%. The company generated revenue of $912 million during the quarter compared to a consensus estimate of $956.42 million by analysts.
In comparison to the corresponding quarter last year, Alliant Energy experienced a decline in quarterly revenue by 3.3%. During that period last year, the company reported earnings per share at $0.63.
Equities research analysts have forecasted that Alliant Energy Co., under ticker symbol LNT on NASDAQ, will achieve earnings per share amounting to 2.87 for the current fiscal year.
It is important to note that these financial figures and analyses provide insights into Alliant Energy’s performance and are utilized by investors and market participants in evaluating potential investment opportunities or making informed decisions related to the company’s stock.
Should you require any additional information or wish to access the most recent stock analysis for Alliant Energy Co., please feel free to refer to our latest report, which offers a comprehensive overview of the company’s financial status and potential future trends.
Recent Changes in Alliant Energy Stock Holdings by Institutional Investors and Assessment of Future Prospects
In recent times, there have been notable changes in the holdings of Alliant Energy stock by several large investors. Rise Advisors LLC, for instance, has increased its position in the company by 13.1% during the second quarter. This increase translates to a ownership of 2,458 shares, valued at approximately $129,000 after purchasing an additional 284 shares within that timeframe.
AE Wealth Management LLC also witnessed an increase in their position in Alliant Energy during the second quarter. Their holding spiked by 3.6%, amounting to 301,352 shares now valued at $15,815,000 after acquiring an additional 10,438 shares.
Moreover, SG Americas Securities LLC decided to buy a new position in Alliant Energy worth around $1,413,000 during the second quarter. Similarly, First Citizens Financial Corp purchased a new position valued at roughly $248,000 within the same period.
Furthermore, First Hawaiian Bank elevated its position in Alliant Energy by 9.4% during the second quarter. They now own 20,634 shares worth $1,083,000 after acquiring an additional 1,781 shares.
Together with these institutional investors’ stakes combined with others not mentioned here make up for approximately 77.52% of Alliant Energy’s stock being owned by such entities.
On Friday’s opening trading session (September 17th), Alliant Energy Co.’s stocks opened at $51.78. Over a span of fifty days leading up to this date and beyond this particular Friday trading day,during which there is yet another change noticed compared to one year ago when it had its highest level recorded at $62.05 and lowest level recorded at $47.19 respectively thus giving rise not only confusion but also alertness as such fluctuations warrant attention from investment professionals who specialize precisely in monitoring these types markets so as provide fair evaluations based current value along underlying fundamentals considering not only immediate future outlook ,but also underlying investment scenarios which may affect overall market including can better assist investors make pertinent choices about their next moves if they have still decided hold shares within company.
With the company’s current ratio of 0.60 indicating less liquidity, a quick ratio of 0.44 revealing potential difficulties in meeting immediate financial obligations and a debt-to-equity ratio of 1.27 suggesting slightly higher leverage compared other players this particular industry sector overall ,indeed seems as perplexing prospect any investor who has vested interest seeing grow successfully over foreseeable future- especially since it only carries $13.09 billion capitalization coupled P/E ratio 19.76 reflecting high degree earnings multiplier action leading lower rated investment offers viable alternatives while GIG ratio standsound ,and another metric worthy note here due Co’ size would probably sure investoes carefully consin goals current troubles faced ; whilst beta of merely 0.57 all data after thorough analysis allows us ascertain Alliant Energy could be seen attractive — yet given aforementioned figures perhaps should approached caution by those are particular sensitive fluctuations prices given combined observations detailed mathematics involved calculations not seem outlier Such trend could reinforced plans declare quarterly dividend was paid Tuesday August 15th shareholders record Monday July 31st were paid $0.4525 each per share ownership whose respective ex-dividend date fell Friday July28th which translated ast time being close year before that holds roughly $1.81 annually according dividend yield approximating around for achvent potential solely relying Upon dividends income revenues investments strategy implementead here Asult rate reflection habit acceptable return onThat did escape attention news practitioners broading broad audience theaters aftermarket opinion et vis visuals periodicals-through an vendible networks AMong otthose quintosenexciting September “Business Monthly” analized its shares Based data Bloomberg com its stock currently rates “Hold” strength combinedcanonical target price $54 then shared conclusion article arrive upon which seemed realistic since institutions such compelling backed examples being dissolve it.