Amundi Raises Stake in Alliant Energy Corporation $LNT

Amundi grew its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 27.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,329 shares of the company's stock after purchasing an additional 59,470 shares during the period. Amundi owned approximately 0.11% of Alliant Energy worth $17,790,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Adage Capital Partners GP L.L.C. grew its holdings in Alliant Energy by 60.3% during the first quarter. Adage Capital Partners GP L.L.C. now owns 384,208 shares of the company's stock worth $24,724,000 after acquiring an additional 144,500 shares during the period. Dark Forest Capital Management LP boosted its position in shares of Alliant Energy by 532.7% during the 1st quarter. Dark Forest Capital Management LP now owns 63,637 shares of the company's stock worth $4,095,000 after purchasing an additional 53,579 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of Alliant Energy during the 1st quarter worth $207,000. Energy Income Partners LLC grew its stake in shares of Alliant Energy by 3.5% during the 1st quarter. Energy Income Partners LLC now owns 765,239 shares of the company's stock worth $49,243,000 after purchasing an additional 25,931 shares during the period. Finally, Quarry LP purchased a new position in shares of Alliant Energy in the 1st quarter valued at about $40,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.6%

Shares of LNT traded up $0.37 during mid-day trading on Friday, hitting $65.03. The company had a trading volume of 442,133 shares, compared to its average volume of 1,967,147. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $67.11. The business's 50-day simple moving average is $64.56 and its 200-day simple moving average is $62.70. The stock has a market cap of $16.71 billion, a PE ratio of 20.06, a P/E/G ratio of 3.02 and a beta of 0.54. 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 issued 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. The firm had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. Alliant Energy's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Sell-side analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on LNT shares. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a report on Monday, July 7th. BMO Capital Markets reissued a "market perform" rating and set a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. 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. Finally, Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average 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.