Campbell & CO Investment Adviser LLC Makes New $4.12 Million Investment 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 acquired a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 64,059 shares of the company's stock, valued at approximately $4,122,000.

A number of other hedge funds also recently bought and sold shares of the company. Horizon Investments LLC raised its holdings in shares of Alliant Energy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,682 shares of the company's stock valued at $235,000 after buying an additional 172 shares during the last quarter. Financial Advisors Network Inc. grew its position in shares of Alliant Energy by 4.1% in the 1st quarter. Financial Advisors Network Inc. now owns 4,737 shares of the company's stock valued at $305,000 after purchasing an additional 188 shares during the period. Utah Retirement Systems lifted its stake in Alliant Energy by 0.5% in the 4th quarter. Utah Retirement Systems now owns 42,394 shares of the company's stock valued at $2,507,000 after acquiring an additional 200 shares in the last quarter. Leavell Investment Management Inc. lifted its stake in Alliant Energy by 3.4% in the 1st quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company's stock valued at $390,000 after acquiring an additional 200 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its stake in shares of Alliant Energy by 5.9% during the 1st quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock worth $234,000 after purchasing an additional 201 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

NASDAQ:LNT traded up $0.34 during mid-day trading on Friday, hitting $65.36. 411,284 shares of the company traded hands, compared to its average volume of 1,980,517. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 3.10 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. The stock's fifty day moving average price is $63.81 and its 200-day moving average price is $62.50. Alliant Energy Corporation has a one year low of $56.08 and a one year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.68 EPS 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 company had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same period in the previous year, the business earned $0.57 earnings per share. 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. Research analysts anticipate 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 given a $0.5075 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. Alliant Energy's dividend payout ratio (DPR) is presently 62.65%.

Analyst Upgrades and Downgrades

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