B. Metzler seel. Sohn & Co. AG Boosts Stake in Alliant Energy Corporation $LNT

Key Points

• B. Metzler seel. Sohn & Co. AG significantly increased its stake in Alliant Energy Corporation by 429.8%, acquiring an additional 63,400 shares, bringing its total holdings to 78,151 shares worth $5,029,000.
• Several institutional investors have also adjusted their positions in Alliant Energy, with notable increases from firms like Optiver Holding B.V. and Northern Trust Corp, highlighting growing investor interest in the utility sector.
• Alliant Energy's stock has a current price of $65.80, with analysts offering a range of ratings including upgrades from Wolfe Research and BMO Capital Markets, setting price targets around $68.00 to $71.00.

B. Metzler seel. Sohn & Co. AG grew its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 429.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,151 shares of the company's stock after buying an additional 63,400 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Alliant Energy were worth $5,029,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNT. Price T Rowe Associates Inc. MD raised its holdings in shares of Alliant Energy by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 360,348 shares of the company's stock worth $21,312,000 after buying an additional 3,628 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of Alliant Energy by 5.0% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company's stock worth $262,000 after buying an additional 211 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Alliant Energy in the fourth quarter worth $223,000. Optiver Holding B.V. increased its stake in shares of Alliant Energy by 382.5% in the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after acquiring an additional 723 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Alliant Energy by 7.9% in the fourth quarter. Northern Trust Corp now owns 2,412,406 shares of the company's stock worth $142,670,000 after acquiring an additional 177,129 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LNT. Wolfe Research upgraded 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 research note on Monday, July 7th. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. 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. 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, Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Four 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 MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $65.50.

Alliant Energy Stock Up 0.1%

LNT stock opened at $65.80 on Thursday. The firm has a market cap of $16.91 billion, a PE ratio of 20.31, a P/E/G ratio of 3.10 and a beta of 0.53. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. The firm's fifty day moving average is $63.71 and its 200 day moving average is $62.46. Alliant Energy Corporation has a one year low of $56.08 and a one year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate 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 net margin of 20.07% and a return on equity of 12.25%. The firm's revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

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

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.

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