Alliant Energy Corporation $LNT Holdings Raised by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in Alliant Energy Corporation by 3.5%, owning approximately $49.24 million worth of shares as of the most recent quarter.
• Alliant Energy reported $0.68 EPS for the last quarter, surpassing analysts' estimates of $0.62, and projected FY 2025 EPS guidance between 3.150-3.250.
• The company's quarterly dividend of $0.5075 per share represents a 3.1% yield, with a payout ratio of 62.65%.

Energy Income Partners LLC increased its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 765,239 shares of the company's stock after purchasing an additional 25,931 shares during the quarter. Energy Income Partners LLC owned about 0.30% of Alliant Energy worth $49,243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hughes Financial Services LLC bought a new stake in shares of Alliant Energy during the 1st quarter worth about $27,000. Alpine Bank Wealth Management acquired a new position in shares of Alliant Energy during the first quarter valued at approximately $29,000. TD Private Client Wealth LLC bought a new stake in Alliant Energy during the first quarter worth approximately $34,000. First Command Advisory Services Inc. bought a new stake in Alliant Energy during the first quarter worth approximately $34,000. Finally, Tsfg LLC acquired a new stake in Alliant Energy in the first quarter worth approximately $34,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $65.07 on Friday. The stock's fifty day simple moving average is $63.90 and its 200 day simple moving average is $62.54. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 3.07 and a beta of 0.53. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $67.11.

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. The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.Alliant Energy's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, sell-side analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio (DPR) is presently 62.65%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LNT shares. Bank of America lifted their price target on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. 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. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $65.50.

About Alliant Energy

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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