Alliant Energy Corporation $LNT Stock Holdings Increased by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Alliant Energy Corporation by 23.2% during the 2nd quarter, now owning 35,943 shares valued at approximately $2.17 million.
• The company reported a profit of $0.68 EPS for the last quarter, surpassing estimates, with revenue of $961 million, though this was below analyst expectations.
• Alliant Energy declared a quarterly dividend of $0.5075 per share, resulting in an annualized yield of 3.2% with a payout ratio of 62.65%.

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 23.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,943 shares of the company's stock after purchasing an additional 6,759 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Alliant Energy were worth $2,173,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Horizon Investments LLC grew its stake in Alliant Energy by 4.9% during the 1st 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 stake in Alliant Energy by 4.1% during the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company's stock valued at $305,000 after purchasing an additional 188 shares in the last quarter. Leavell Investment Management Inc. grew its stake in Alliant Energy by 3.4% during 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 in the last quarter. Moss Adams Wealth Advisors LLC grew its stake in Alliant Energy by 5.9% during 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 in the last quarter. Finally, Larson Financial Group LLC grew its stake in Alliant Energy by 28.9% during the 1st quarter. Larson Financial Group LLC now owns 931 shares of the company's stock valued at $60,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded up $0.05 during mid-day trading on Monday, hitting $64.22. The company had a trading volume of 1,340,384 shares, compared to its average volume of 1,563,559. The stock has a market cap of $16.50 billion, a price-to-earnings ratio of 19.10, a PEG 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 current ratio of 0.57 and a quick ratio of 0.46. The firm's 50 day simple moving average is $64.83 and its two-hundred day simple moving average is $62.69.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $961.00 million for 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 was up 7.5% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities research 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 announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 annualized dividend and a yield of 3.2%. Alliant Energy's payout ratio is presently 62.65%.

Analyst Ratings Changes

A number of brokerages have weighed in on LNT. Wall Street Zen lowered Alliant Energy from a "hold" rating to a "sell" rating in a research note on Saturday. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research report on Monday, July 7th. UBS Group reiterated a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Finally, Bank of America lifted their target price on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Four investment 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 data from MarketBeat.com, Alliant Energy presently has a consensus rating of "Hold" and a consensus price target 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.