Sumitomo Mitsui Trust Group Inc. and abrdn plc increased their stakes in Alliant Energy, while State of Alaska Department of Revenue and Janney Montgomery Scott LLC reduced their holdings. Stephens Inc. AR and State of Alaska Department of Revenue maintain sizeable positions. Strategic Financial Concepts LLC and Jennison Associates LLC commenced new stakes, while Eagle Ridge Investment Management and Franklin Resources Inc. trimmed their holdings. Alliant Energy's dividends are considered safe, with a 3.4% yield, continuing a 78-year streak.
The corporation announced second quarter 2024 results and prepared third quarter 2024 results. Lisa Barton, CEO, will present the Q4 results. Despite seeing a 21% rise from those who invested a year ago, the stock's performance lags the utilities sector and returns have not accelerated. Jefferies sees the stock as fairly valued amidst evolving regulatory uncertainties, while Scotiabank downgraded to Sector Perform due to concerns.
Brokerages target a $63.39 price for Alliant Energy stock, which recently hit a 52-week high of $61.09. However, it is perceived as overpriced and its popularity among investors seems under threat.
Alliant Energy Stocks LNT News Analytics from Tue, 18 Dec 2018 08:00:00 GMT to Sat, 15 Feb 2025 20:58:00 GMT - Rating 3 - Innovation -2 - Information 6 - Rumor -4
