Capital Fund Management S.A. Makes New Investment in 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. acquired a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 48,812 shares of the company's stock, valued at approximately $3,141,000.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on LNT shares. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. UBS Group reissued a "neutral" rating and issued a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Bank of America increased their price target on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective for the company in a research report on Monday, July 7th. 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 research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Stock Performance

NASDAQ:LNT traded up $0.26 during mid-day trading on Friday, hitting $65.28. The stock had a trading volume of 212,268 shares, compared to its average volume of 1,979,374. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11. The stock has a market cap of $16.77 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 3.10 and a beta of 0.53. The company's 50 day simple moving average is $63.81 and its 200 day simple moving average is $62.50. 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 (NASDAQ:LNT - Get Free Report) last issued 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. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. During the same period last year, the business posted $0.57 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

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