B. Metzler seel. Sohn & Co. AG Grows 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 boosted 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 filing with the Securities & Exchange Commission. The institutional investor owned 78,151 shares of the company's stock after buying an additional 63,400 shares during the quarter. 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 modified their holdings of LNT. Vaughan Nelson Investment Management L.P. bought a new position in shares of Alliant Energy during the 1st quarter worth about $82,496,000. GAMMA Investing LLC lifted its position in shares of Alliant Energy by 6,869.6% during the first quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock worth $71,688,000 after purchasing an additional 1,098,043 shares in the last quarter. Carnegie Investment Counsel acquired a new position in shares of Alliant Energy during the first quarter worth approximately $34,210,000. Balyasny Asset Management L.P. bought a new stake in shares of Alliant Energy during the fourth quarter worth approximately $24,396,000. Finally, Hudson Bay Capital Management LP bought a new stake in Alliant Energy in the fourth quarter valued at approximately $19,853,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Price Performance

NASDAQ LNT traded down $0.51 on Tuesday, reaching $64.56. 352,498 shares of the company's stock traded hands, compared to its average volume of 1,978,151. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $67.11. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The stock has a 50-day simple moving average of $63.97 and a 200 day simple moving average of $62.58. The stock has a market cap of $16.59 billion, a PE ratio of 19.94, a P/E/G ratio of 3.07 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the previous year, the business earned $0.57 EPS. Alliant Energy'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, research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.5075 per share. 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 is presently 62.65%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. UBS Group reissued a "neutral" rating and issued a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Bank of America lifted their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.