AlphaQuest LLC Invests $746,000 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 bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,587 shares of the company's stock, valued at approximately $746,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in shares of Alliant Energy during the first quarter worth about $2,414,000. Sowell Financial Services LLC bought a new stake in Alliant Energy in the 1st quarter worth about $316,000. Wealth Enhancement Advisory Services LLC increased its stake in Alliant Energy by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock valued at $4,220,000 after buying an additional 1,198 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Alliant Energy by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock valued at $1,934,000 after buying an additional 800 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Alliant Energy by 112.9% in the 1st quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock valued at $378,000 after buying an additional 3,108 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on LNT. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. UBS Group reiterated a "neutral" rating and issued a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Finally, Bank of America increased their price objective on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Four equities research 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 currently has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Stock Up 1.3%

Alliant Energy stock opened at $66.97 on Monday. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The firm has a 50 day moving average price of $63.37 and a 200-day moving average price of $62.37. The company has a market capitalization of $17.21 billion, a P/E ratio of 20.67, a P/E/G ratio of 3.16 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 (NASDAQ:LNT - Get Free Report) last released its 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. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. During the same period in the prior year, the firm earned $0.57 EPS. The company's 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. As a group, equities analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a $0.5075 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 annualized dividend and a yield of 3.0%. Alliant Energy's dividend payout ratio (DPR) is 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.

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