What Makes Alliant Energy Corporation (LNT) a Good Investment Bet?
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Alliant Energy Corporation (NASDAQ:LNT) is a utility holding company that provides regulated electricity and natural gas services. In Q1 2024, the Artisan Value Income Fund added Alliant Energy and Evergy to its portfolio. The interest rate environment and higher inflation have made utilities out of favor, but the fund sees opportunity in the sector. Alliant Energy Corporation's one-month return was -1.03%, and its shares lost 4.30% of their value over the last 52 weeks. The stock closed at $51.11 per share on June 5, 2024, with a market capitalization of $13.12 billion. The fund's Investor Class APFWX, Advisor Class APDWX, and Institutional Class APHWX returned 4.87%, 4.87%, and 4.98% respectively in Q1 2024, compared to a 10.56% return for the S&P 500 Index. Alliant Energy Corporation is not on the list of 31 Most Popular Stocks Among Hedge Funds. The company reported first-quarter 2024 earnings of $0.62 per share. The fund believes that AI stocks hold greater promise for delivering higher returns within a shorter timeframe.
https://finance.yahoo.com/news/makes-alliant-energy-corporation-lnt-143146800.html
Yahoo Finance /
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2024-06-06 17:16:11
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2024-06-06 17:16:11Event JSON
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"content": "What Makes Alliant Energy Corporation (LNT) a Good Investment Bet?\n==========\n\nAlliant Energy Corporation (NASDAQ:LNT) is a utility holding company that provides regulated electricity and natural gas services. In Q1 2024, the Artisan Value Income Fund added Alliant Energy and Evergy to its portfolio. The interest rate environment and higher inflation have made utilities out of favor, but the fund sees opportunity in the sector. Alliant Energy Corporation's one-month return was -1.03%, and its shares lost 4.30% of their value over the last 52 weeks. The stock closed at $51.11 per share on June 5, 2024, with a market capitalization of $13.12 billion. The fund's Investor Class APFWX, Advisor Class APDWX, and Institutional Class APHWX returned 4.87%, 4.87%, and 4.98% respectively in Q1 2024, compared to a 10.56% return for the S\u0026P 500 Index. Alliant Energy Corporation is not on the list of 31 Most Popular Stocks Among Hedge Funds. The company reported first-quarter 2024 earnings of $0.62 per share. The fund believes that AI stocks hold greater promise for delivering higher returns within a shorter timeframe.\n\n\n\nhttps://finance.yahoo.com/news/makes-alliant-energy-corporation-lnt-143146800.html",
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