Analyst Price Forecast Suggests 9.44% Upside
As of August 31, 2023, the average one-year price target for Alliant Energy is 56.67. The forecasts range from a low of 49.49 to a high of $67.20. The average price target represents an increase of 9.44% from its latest reported closing price of 51.78.
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The projected annual revenue for Alliant Energy is 3,831MM, a decrease of 8.42%. The projected annual non-GAAP EPS is 2.92.
Alliant Energy Declares $0.45 Dividend
On July 14, 2023, the company declared a regular quarterly dividend of $0.45 per share ($1.81 annualized). Shareholders of record as of July 31, 2023 received the payment on August 15, 2023. Previously, the company paid $0.45 per share.
At the current share price of $51.78/share, the stock’s dividend yield is 3.50%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.97%, the lowest has been 2.55%, and the highest has been 3.80%. The standard deviation of yields is 0.25 (n=236).
The current dividend yield is 2.07 standard deviations above the historical average.
Additionally, the company’s dividend payout ratio is 0.70. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.19%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 1214 funds or institutions reporting positions in Alliant Energy. This is a decrease of 62 owner(s) or 4.86% in the last quarter. Average portfolio weight of all funds dedicated to LNT is 0.25%, an increase of 0.60%. Total shares owned by institutions increased in the last three months by 2.31% to 240,967K shares. The put/call ratio of LNT is 2.18, indicating a bearish outlook.
What are Other Shareholders Doing?
Victory Capital Management holds 8,411K shares representing 3.33% ownership of the company. In its prior filing, the firm reported owning 8,246K shares, representing an increase of 1.96%. The firm decreased its portfolio allocation in LNT by 2.27% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,833K shares representing 3.10% ownership of the company. In its prior filing, the firm reported owning 7,767K shares, representing an increase of 0.85%. The firm decreased its portfolio allocation in LNT by 8.55% over the last quarter.
Nuveen Asset Management holds 6,651K shares representing 2.63% ownership of the company. In its prior filing, the firm reported owning 6,452K shares, representing an increase of 3.00%. The firm increased its portfolio allocation in LNT by 45.11% over the last quarter.
VFINX – Vanguard 500 Index Fund Investor Shares holds 5,986K shares representing 2.37% ownership of the company. In its prior filing, the firm reported owning 5,856K shares, representing an increase of 2.16%. The firm decreased its portfolio allocation in LNT by 9.02% over the last quarter.
Janus Henderson Group holds 5,839K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 3,670K shares, representing an increase of 37.15%. The firm increased its portfolio allocation in LNT by 45.61% over the last quarter.
Alliant Energy Background Information
(This description is provided by the company.)
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other.
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