Campbell & CO Investment Adviser LLC Invests $4.12 Million in Alliant Energy Corporation $LNT

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new stake in Alliant Energy Corporation worth approximately $4.12 million, purchasing 64,059 shares during the first quarter.
• Multiple hedge funds have increased their holdings in Alliant Energy, with 79.90% of the stock now owned by institutional investors and hedge funds.
• Alliant Energy reported earnings of $0.68 per share for the last quarter, exceeding analysts' estimates, and declared a quarterly dividend with a yield of 3.0%.

Campbell & CO Investment Adviser LLC purchased a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 64,059 shares of the company's stock, valued at approximately $4,122,000.

Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of Alliant Energy in the 1st quarter worth about $2,414,000. Sowell Financial Services LLC bought a new position in shares of Alliant Energy in the 1st quarter worth about $316,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Alliant Energy by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock worth $4,220,000 after buying an additional 1,198 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Alliant Energy by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock worth $1,934,000 after buying an additional 800 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Alliant Energy by 112.9% in the 1st quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock worth $378,000 after buying an additional 3,108 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. 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 report on Monday, July 7th. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. 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 report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $65.50.

Alliant Energy Price Performance

Alliant Energy stock traded down $0.47 during trading hours on Tuesday, hitting $65.71. 1,836,549 shares of the company traded hands, compared to its average volume of 2,063,988. The firm's 50-day simple moving average is $63.59 and its two-hundred day simple moving average is $62.44. The firm has a market cap of $16.89 billion, a P/E ratio of 20.28, a P/E/G ratio of 3.12 and a beta of 0.53. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.06. The company had revenue of $961.00 million for the quarter, compared to analysts' expectations of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. Alliant Energy's payout ratio is currently 62.65%.

Alliant Energy Company 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.