5,232 Shares in Alliant Energy Corporation $LNT Bought by MBB Public Markets I LLC

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 bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,232 shares of the company's stock, valued at approximately $337,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Vaughan Nelson Investment Management L.P. bought a new stake in Alliant Energy during the first quarter worth approximately $82,496,000. GAMMA Investing LLC raised its holdings in Alliant Energy by 6,869.6% during the first quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock worth $71,688,000 after purchasing an additional 1,098,043 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company's stock worth $69,792,000 after purchasing an additional 538,603 shares in the last quarter. Carnegie Investment Counsel bought a new stake in Alliant Energy during the first quarter worth approximately $34,210,000. Finally, Hudson Bay Capital Management LP bought a new stake in Alliant Energy during the fourth quarter worth approximately $19,853,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 0.3%

Shares of LNT stock traded up $0.20 on Friday, reaching $64.86. 1,127,278 shares of the company's stock traded hands, compared to its average volume of 1,971,245. The company has a market capitalization of $16.67 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 3.02 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. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. The business's 50 day moving average price is $64.56 and its two-hundred day moving average price is $62.70.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The business's revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's dividend payout ratio is currently 62.65%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LNT shares. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a report on Monday, July 7th. UBS Group reaffirmed a "neutral" rating and issued a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Bank of America upped their price target on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 14th. 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.com, the company currently has an average rating of "Hold" and a consensus price target of $65.50.

Alliant Energy 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.