Alliant Energy Corporation $LNT Shares Bought by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. increased its stake in Alliant Energy Corporation by 17.7%, now owning approximately 474,101 shares valued at $30.5 million.
• Alliant Energy's quarterly earnings report showed earnings per share (EPS) of $0.68, exceeding analysts' expectations of $0.62, along with a revenue of $961 million, slightly lower than the forecasted $977 million.
• The company announced a quarterly dividend of $0.5075 per share, representing a 3.0% yield, with a dividend payout ratio of 62.65%.

Bahl & Gaynor Inc. increased its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 17.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 474,101 shares of the company's stock after acquiring an additional 71,296 shares during the period. Bahl & Gaynor Inc. owned approximately 0.18% of Alliant Energy worth $30,508,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Hughes Financial Services LLC acquired a new position in Alliant Energy during the first quarter worth $27,000. Alpine Bank Wealth Management acquired a new position in Alliant Energy during the first quarter worth $29,000. TD Private Client Wealth LLC acquired a new position in Alliant Energy during the first quarter worth $34,000. First Command Advisory Services Inc. acquired a new position in Alliant Energy during the first quarter worth $34,000. Finally, Tsfg LLC acquired a new position in Alliant Energy during the first quarter worth $34,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

NASDAQ:LNT traded down $0.54 during mid-day trading on Thursday, reaching $65.26. The stock had a trading volume of 590,168 shares, compared to its average volume of 1,983,456. 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 has a market capitalization of $16.77 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 3.10 and a beta of 0.53. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The business has a 50 day simple moving average of $63.71 and a 200 day simple moving average of $62.46.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

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

Analyst Ratings Changes

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