12,276 Shares in Alliant Energy Corporation $LNT Purchased by Walleye Capital LLC

Key Points

• Walleye Capital LLC has acquired a new position in Alliant Energy Corporation, purchasing 12,276 shares valued at approximately $790,000.
• Analysts have set a consensus target price of $65.50 for Alliant Energy, with four analysts rating it as a "Buy" and five as a "Hold".
• Alliant Energy announced a quarterly dividend of $0.5075 per share, which represents an annualized dividend yield of 3.1% for stockholders of record.

Walleye Capital LLC acquired a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 12,276 shares of the company's stock, valued at approximately $790,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in Alliant Energy during the first quarter valued at about $27,000. Alpine Bank Wealth Management purchased a new stake in Alliant Energy during the first quarter valued at about $29,000. TD Private Client Wealth LLC purchased a new stake in Alliant Energy during the first quarter valued at about $34,000. First Command Advisory Services Inc. purchased a new stake in Alliant Energy during the first quarter valued at about $34,000. Finally, Tsfg LLC purchased a new stake in Alliant Energy during the first quarter valued at about $34,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNT has been the subject of a number of research reports. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target for the company in a research report on Monday, July 7th. UBS Group reissued a "neutral" rating and set a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Trading Up 0.1%

NASDAQ:LNT opened at $65.07 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The business's 50-day moving average is $63.90 and its two-hundred day moving average is $62.55. The firm has a market capitalization of $16.72 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 3.07 and a beta of 0.54. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company's revenue for the quarter was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's payout ratio is presently 62.65%.

Alliant Energy Company Profile

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Utility Other. The company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electricity, and distributes and transports natural gas to retail customers in Iowa; sells electricity to wholesale customers in Minnesota, Illinois, and Iowa; and generates and distributes steam in Cedar Rapids, Iowa.

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