Ballentine Partners LLC Invests $238,000 in Alliant Energy Corporation $LNT

Key Points

• Ballentine Partners LLC has invested approximately $238,000 in Alliant Energy Corporation by acquiring 3,940 shares in the second quarter.
• Alliant Energy reported quarterly earnings of $0.68 per share, exceeding analyst estimates, and experienced a year-over-year revenue increase of 7.5%.
• The company recently declared a quarterly dividend of $0.5075 per share, representing an annualized yield of 3.0%.

Ballentine Partners LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,940 shares of the company's stock, valued at approximately $238,000.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Alliant Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock worth $2,112,110,000 after buying an additional 158,507 shares in the last quarter. Northern Trust Corp grew its position in Alliant Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company's stock worth $157,208,000 after acquiring an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Alliant Energy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company's stock worth $146,113,000 after acquiring an additional 17,681 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in Alliant Energy by 3.1% during the 1st quarter. Johnson Investment Counsel Inc. now owns 1,872,409 shares of the company's stock worth $120,490,000 after acquiring an additional 56,640 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Alliant Energy during the 1st quarter worth $82,496,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Up 1.1%

LNT stock opened at $66.78 on Tuesday. The stock's 50 day simple moving average is $65.10 and its 200 day simple moving average is $62.80. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $67.11. 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 company has a market cap of $17.16 billion, a P/E ratio of 20.61, a price-to-earnings-growth ratio of 3.11 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping 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 business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same period in the prior year, the business earned $0.57 EPS. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's dividend payout ratio is 62.65%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LNT. BMO Capital Markets restated a "market perform" rating and set a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research report on Monday, July 7th. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research report on Sunday. UBS Group restated a "neutral" rating and set a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Finally, Bank of America boosted their price objective on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Alliant Energy has a consensus rating of "Hold" and an average price target of $65.50.

Alliant Energy 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.

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