MBB Public Markets I LLC Takes Position in Alliant Energy Corporation $LNT

Key Points

• MBB Public Markets I LLC acquired a new position by purchasing 5,232 shares of Alliant Energy Corporation for approximately $337,000 during the first quarter.
• Alliant Energy reported an EPS of $0.68 for the latest quarter, exceeding expectations and marking a 7.5% increase in revenue year-over-year, despite falling short of revenue forecasts.
• The company announced a quarterly dividend of $0.5075 per share, representing an annualized dividend yield of 3.1% with a payout ratio of 62.65%.

MBB Public Markets I LLC acquired a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,232 shares of the company's stock, valued at approximately $337,000.

Several other hedge funds also recently modified their holdings of LNT. Ameriprise Financial Inc. grew its holdings in shares of Alliant Energy by 0.8% in the 4th quarter. Ameriprise Financial Inc. now owns 260,970 shares of the company's stock valued at $15,439,000 after acquiring an additional 2,120 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Alliant Energy by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 12,511 shares of the company's stock valued at $740,000 after acquiring an additional 384 shares in the last quarter. Ethic Inc. grew its holdings in shares of Alliant Energy by 36.5% in the 4th quarter. Ethic Inc. now owns 15,810 shares of the company's stock valued at $935,000 after acquiring an additional 4,227 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in shares of Alliant Energy in the 4th quarter valued at about $19,853,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Alliant Energy by 0.7% in the 4th quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company's stock valued at $636,829,000 after acquiring an additional 76,987 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

LNT stock traded up $0.20 during mid-day trading on Friday, hitting $64.86. 1,127,278 shares of the company were exchanged, compared to its average volume of 1,853,968. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $67.11. The business has a 50 day simple moving average of $64.62 and a 200-day simple moving average of $62.71. The stock has a market capitalization of $16.67 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54.

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

Alliant Energy Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on LNT shares. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research note on Monday, July 7th. Bank of America raised their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. UBS Group reiterated a "neutral" rating and issued a $67.00 target price (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.50.

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.