Recently, Alliant Energy Corporation displayed a mixed performance when compared to its competitors. Over the last five years, the NASDAQ:LNT stock has seen a significant increase of 65%. Multiple financial institutions like Principal Financial Group Inc. and Truist Financial Corp have reduced their shares in Alliant while others, such as Mitsubishi UFJ Asset Management and Massachusetts Financial Services, have increased their holdings in the company. Alliant's commitment towards clean energy and regular investments have driven its growth.
A focus on renewable energy expansion has made Alliant an attractive addition to investment portfolios. The corporation has recently declared a quarterly common stock dividend. The company is majorly owned by institutional shareholders, with a noteworthy 79% ownership. Some entities like Savant Capital and Illinois Municipal Retirement Fund are lessening their position while others like abrdn plc and International Assets Investment Management LLC are expanding their investments in Alliant. The company recently met quarterly earnings expectations and continues to remain a consistent grower.
Moreover, Alliant is considered one of the most trustworthy companies in America by Newsweek. Alliant's future appears positive as its stable pace makes it a desirable choice for long-term investors, despite discussions about it being potentially overpriced.
Alliant Energy Stocks LNT News Analytics from Tue, 18 Dec 2018 08:00:00 GMT to Sat, 18 May 2024 20:41:17 GMT - Rating 6 - Innovation 0 - Information 8 - Rumor -4
