Epoch Investment Partners Inc. Lowers Stock Position in Alliant Energy Corporation $LNT

Key Points

• Epoch Investment Partners Inc. reduced its stake in Alliant Energy Corporation by 3.4%, now holding 245,186 shares valued at approximately $15.78 million.
• Alliant Energy's quarterly earnings exceeded analysts' expectations with an EPS of $0.68, and it reported a revenue of $961 million, which was slightly below consensus estimates.
• The company announced a quarterly dividend of $0.5075 per share, resulting in an annualized yield of 3.1%, with a payout ratio of 62.65%.

Epoch Investment Partners Inc. reduced its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 245,186 shares of the company's stock after selling 8,595 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.10% of Alliant Energy worth $15,778,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LNT. Horizon Investments LLC boosted its holdings in Alliant Energy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,682 shares of the company's stock valued at $235,000 after purchasing an additional 172 shares in the last quarter. Financial Advisors Network Inc. grew its holdings in shares of Alliant Energy by 4.1% during the first quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company's stock worth $305,000 after purchasing an additional 188 shares during the last quarter. Utah Retirement Systems increased its position in shares of Alliant Energy by 0.5% during the fourth quarter. Utah Retirement Systems now owns 42,394 shares of the company's stock worth $2,507,000 after purchasing an additional 200 shares in the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of Alliant Energy by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company's stock valued at $390,000 after purchasing an additional 200 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC lifted its holdings in shares of Alliant Energy by 5.9% in the 1st quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock valued at $234,000 after purchasing an additional 201 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

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

Alliant Energy Stock Performance

Alliant Energy stock traded up $0.05 during mid-day trading on Monday, reaching $65.07. 1,669,629 shares of the company were exchanged, compared to its average volume of 2,035,713. The firm's 50-day simple moving average is $63.90 and its two-hundred day simple moving average is $62.55. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The firm has a market cap 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. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $977.15 million. During the same quarter in the prior year, the business earned $0.57 earnings per share. The company's quarterly revenue 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 analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid 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 62.65%.

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.