Alliant Energy Corporation $LNT Stock Holdings Boosted by Amundi

Amundi grew its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 27.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 274,329 shares of the company's stock after acquiring an additional 59,470 shares during the period. Amundi owned about 0.11% of Alliant Energy worth $17,790,000 as of its most recent filing with the SEC.

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

Alliant Energy Stock Up 0.3%

Shares of NASDAQ LNT traded up $0.20 during trading on Friday, reaching $64.86. 1,127,278 shares of the stock were exchanged, compared to its average volume of 1,853,968. The business's 50-day moving average price is $64.62 and its 200 day moving average price is $62.70. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $16.67 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping 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 business had revenue of $961.00 million for the quarter, compared to analysts' expectations of $977.15 million. During the same period in the previous year, the company posted $0.57 earnings per share. The business's revenue for the quarter 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 forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio is 62.65%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LNT shares. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research note on Monday, July 7th. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Bank of America raised 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. Finally, UBS Group restated a "neutral" rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Four investment 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.