Capital Fund Management S.A. Purchases Shares of 48,812 Alliant Energy Corporation $LNT

Key Points

• Capital Fund Management S.A. has acquired a new position in Alliant Energy Corporation by purchasing 48,812 shares valued at approximately $3.14 million.
• Alliant Energy reported earnings of $0.68 per share for the last quarter, exceeding analysts’ expectations, with a revenue of $961 million.
• The company declared a quarterly dividend of $0.5075 per share, representing an annualized yield of 3.0%.

Capital Fund Management S.A. purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 48,812 shares of the company's stock, valued at approximately $3,141,000.

Other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas acquired a new stake in shares of Alliant Energy during the 1st quarter worth approximately $2,414,000. Sowell Financial Services LLC acquired a new stake in shares of Alliant Energy during the 1st quarter worth approximately $316,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Alliant Energy by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock worth $4,220,000 after acquiring an additional 1,198 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Alliant Energy by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock worth $1,934,000 after acquiring an additional 800 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Alliant Energy by 112.9% during the 1st quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock worth $378,000 after acquiring an additional 3,108 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Trading Down 1.1%

Shares of NASDAQ:LNT traded down $0.76 during mid-day trading on Thursday, reaching $65.04. 856,953 shares of the company's stock were exchanged, compared to its average volume of 1,985,482. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 3.10 and a beta of 0.53. The business's fifty day moving average price is $63.71 and its 200-day moving average price is $62.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly 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. The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. Alliant Energy's revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, research analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's payout ratio is 62.65%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. BMO Capital Markets reiterated a "market perform" rating and set a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. UBS Group reaffirmed a "neutral" rating and set a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Bank of America boosted their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Finally, Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.