Northern Trust Corp Has $157.21 Million Holdings in Alliant Energy Corporation $LNT

Key Points

• Northern Trust Corp increased its stake in Alliant Energy Corporation by 1.3% during the 1st quarter, owning approximately 2.4 million shares valued at $157.2 million.
• A host of institutional investors, including MetLife and HSBC, have also raised their holdings in Alliant Energy, with institutional ownership now at 79.90%.
• Analysts have recently raised price targets for Alliant Energy, with a consensus rating of "Hold" and an average price target of $65.50.

Northern Trust Corp raised its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,443,014 shares of the company's stock after purchasing an additional 30,608 shares during the period. Northern Trust Corp owned 0.95% of Alliant Energy worth $157,208,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in LNT. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Alliant Energy in the 1st quarter valued at approximately $82,496,000. GAMMA Investing LLC raised its position in shares of Alliant Energy by 6,869.6% in the 1st quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock valued at $71,688,000 after acquiring an additional 1,098,043 shares during the period. Carnegie Investment Counsel acquired a new stake in shares of Alliant Energy in the 1st quarter valued at approximately $34,210,000. Balyasny Asset Management L.P. acquired a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $24,396,000. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $19,853,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

LNT stock traded up $0.05 during midday trading on Wednesday, reaching $65.76. The company had a trading volume of 701,851 shares, compared to its average volume of 1,986,734. The company has a market capitalization of $16.90 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53. The stock has a 50 day moving average price of $63.59 and a 200-day moving average price of $62.44. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $67.11. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Alliant Energy'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. Equities research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.5075 per share. 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 payout ratio is 62.65%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LNT shares. Bank of America increased their price target on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target on the stock in a research report on Monday, July 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, UBS Group reissued a "neutral" rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.