Callan Family Office LLC Invests $324,000 in Alliant Energy Corporation $LNT

Key Points

• Callan Family Office LLC has invested $324,000 in Alliant Energy Corporation by purchasing 5,363 shares during the 2nd quarter.
• Several large investors have recently adjusted their stakes in Alliant Energy, indicating a growing interest from institutional investors with 79.90% of the stock currently held by them.
• Alliant Energy reported a quarterly earnings beat, with earnings per share at $0.68, surpassing the consensus estimate of $0.62, and announced a dividend of $0.5075 paid on August 15th.

Callan Family Office LLC bought a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,363 shares of the company's stock, valued at approximately $324,000.

Several other large investors have also recently added to or reduced their stakes in LNT. Hughes Financial Services LLC acquired a new stake in Alliant Energy in the 1st quarter valued at approximately $27,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy in the 1st quarter valued at approximately $29,000. Global Trust Asset Management LLC bought a new position in Alliant Energy during the 2nd quarter valued at $30,000. Bartlett & CO. Wealth Management LLC boosted its stake in Alliant Energy by 81.6% during the 2nd quarter. Bartlett & CO. Wealth Management LLC now owns 494 shares of the company's stock valued at $30,000 after purchasing an additional 222 shares in the last quarter. Finally, Tsfg LLC bought a new position in Alliant Energy during the 1st quarter valued at $34,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on LNT shares. Barclays set a $65.00 price target on Alliant Energy and gave the company an "underweight" rating in a research note on Tuesday. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Alliant Energy in a research report on Wednesday, October 8th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Sunday, September 28th. BMO Capital Markets reissued 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. Finally, Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a report on Monday, July 7th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Alliant Energy presently has an average rating of "Hold" and a consensus target price of $67.22.

Alliant Energy Trading Up 0.4%

Shares of LNT opened at $68.63 on Thursday. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $68.80. 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 firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 21.18, a P/E/G ratio of 3.22 and a beta of 0.54. The stock's 50-day moving average price is $65.67 and its 200 day moving average price is $63.18.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $977.15 million. During the same period in the prior year, the company posted $0.57 EPS. The company'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 business also recently disclosed 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 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio 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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