AlphaQuest LLC Acquires New Shares in Alliant Energy Corporation $LNT

Key Points

• AlphaQuest LLC has made a new investment of $746,000 in Alliant Energy Corporation by acquiring 11,587 shares in the first quarter.
• Wall Street analysts have upgraded Alliant Energy's stock ratings, with recent recommendations including a price target increase to $70.00 from $68.00 and ratings ranging from Buy to Hold.
• Alliant Energy recently announced a quarterly dividend of $0.5075, yielding 3.0%, with a dividend payout ratio of 62.65%.

AlphaQuest LLC purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,587 shares of the company's stock, valued at approximately $746,000.

Other institutional investors have also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Alliant Energy during the 1st quarter worth about $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Alliant Energy during the 1st quarter worth about $29,000. Tsfg LLC purchased a new stake in shares of Alliant Energy during the 1st quarter worth about $34,000. TD Private Client Wealth LLC purchased a new stake in shares of Alliant Energy during the 1st quarter worth about $34,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Alliant Energy during the 1st quarter worth about $34,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of recent analyst reports. UBS Group reissued a "neutral" rating and issued a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. BMO Capital Markets reissued a "market perform" rating and issued a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research report on Monday, July 7th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Bank of America lifted their price objective on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Price Performance

LNT stock traded up $0.05 during trading on Friday, hitting $65.07. The company had a trading volume of 1,669,629 shares, compared to its average volume of 2,033,578. The company has a fifty day moving average price of $63.90 and a two-hundred day moving average price of $62.54. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The company has a market cap of $16.72 billion, a P/E ratio of 20.08, a P/E/G ratio of 3.07 and a beta of 0.53. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The company had revenue of $961.00 million for 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%.The business's revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. 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 fiscal year.

Alliant Energy Dividend Announcement

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

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.