Dynamic Technology Lab Private Ltd Increases Position in Alliant Energy Corporation $LNT

Key Points

• Dynamic Technology Lab Private Ltd increased its stake in Alliant Energy Corporation by 65.8%, owning a total of 13,518 shares valued at $870,000 as of its latest SEC filing.
• Several hedge funds are modifying their holdings in Alliant Energy, with Gotham Asset Management LLC boosting its stake by 50.2%, totaling 215,933 shares worth approximately $13.9 million.
• The company reported $0.68 earnings per share in its most recent quarter, surpassing analysts' expectations of $0.62, and anticipates a FY 2025 EPS guidance of 3.150-3.25.

Dynamic Technology Lab Private Ltd raised its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 65.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,518 shares of the company's stock after buying an additional 5,365 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Alliant Energy were worth $870,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in Alliant Energy in the 1st quarter worth about $27,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy in the 1st quarter worth about $29,000. Tsfg LLC acquired a new stake in Alliant Energy in the 1st quarter worth about $34,000. TD Private Client Wealth LLC acquired a new stake in Alliant Energy in the 1st quarter worth about $34,000. Finally, First Command Advisory Services Inc. acquired a new stake in Alliant Energy in the 1st quarter worth about $34,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LNT shares. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a research note on Monday, July 7th. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. 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. UBS Group reissued 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. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. 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 MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and an average target price of $65.50.

Alliant Energy Trading Up 0.3%

Shares of LNT stock traded up $0.20 during trading on Friday, hitting $64.86. 1,127,278 shares of the stock traded hands, compared to its average volume of 1,971,245. The firm has a market capitalization of $16.67 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The firm's fifty day moving average price is $64.56 and its 200-day moving average price is $62.70. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The firm 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%. The business's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 3.1%. Alliant Energy's payout ratio is presently 62.65%.

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.