Charter Capital Management LLC DE Invests $550,000 in Alliant Energy Corporation $LNT

Key Points

• Charter Capital Management LLC DE has invested approximately $550,000 in Alliant Energy Corporation, acquiring 9,100 shares of stock in the second quarter.
• Institutional investors own 79.90% of Alliant Energy's stock, with other significant fund activities including GAMMA Investing LLC increasing its stake by 9.8%.
• Alliant Energy reported a quarterly earnings per share of $0.68, surpassing the consensus estimate of $0.62, while setting its FY 2025 guidance at 3.150-3.25 EPS.

Charter Capital Management LLC DE bought a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,100 shares of the company's stock, valued at approximately $550,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Alliant Energy by 9.8% in the 2nd quarter. GAMMA Investing LLC now owns 19,013 shares of the company's stock valued at $1,150,000 after acquiring an additional 1,701 shares during the last quarter. Park Avenue Securities LLC bought a new stake in shares of Alliant Energy in the 2nd quarter valued at about $299,000. Miller Howard Investments Inc. NY lifted its stake in shares of Alliant Energy by 5.6% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 24,744 shares of the company's stock valued at $1,496,000 after acquiring an additional 1,303 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Alliant Energy by 1,331.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 76,738 shares of the company's stock valued at $4,640,000 after acquiring an additional 71,376 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of Alliant Energy by 4.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 53,514 shares of the company's stock valued at $3,236,000 after acquiring an additional 2,272 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

Alliant Energy stock opened at $64.84 on Wednesday. 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 company has a market capitalization of $16.66 billion, a P/E ratio of 20.01, a PEG ratio of 3.02 and a beta of 0.54. The stock's 50 day moving average is $64.92 and its 200 day moving average is $62.71. 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 posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share 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 the consensus estimate of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm's quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, equities research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently weighed in on LNT. UBS Group reissued a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. BMO Capital Markets reissued a "market perform" rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Bank of America upped their price target on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Wall Street Zen lowered Alliant Energy from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target for the company in a research report on Monday, July 7th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price 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.

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