Dynamic Technology Lab Private Ltd Acquires 5,365 Shares of 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 lifted its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 65.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,518 shares of the company's stock after purchasing 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 quarter.

Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new position in shares of Alliant Energy during the first quarter valued at about $2,414,000. Sowell Financial Services LLC bought a new position in shares of Alliant Energy during the first quarter valued at about $316,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Alliant Energy by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock valued at $4,220,000 after purchasing an additional 1,198 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Alliant Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock valued at $1,934,000 after purchasing an additional 800 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in shares of Alliant Energy by 112.9% during the first quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock valued at $378,000 after purchasing an additional 3,108 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

LNT stock traded up $0.20 during mid-day trading on Friday, hitting $64.86. The company had a trading volume of 1,127,278 shares, compared to its average volume of 1,751,051. The firm has a market cap of $16.67 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. 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 12 month low of $56.08 and a 12 month high of $67.11. The stock's fifty day moving average price is $64.62 and its two-hundred day moving average price is $62.69.

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

Alliant Energy Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 3.1%. Alliant Energy's payout ratio is 62.65%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LNT shares. BMO Capital Markets reissued a "market perform" rating and set a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Bank of America raised their price target on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, August 14th. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research report on Monday, July 7th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Alliant Energy presently has a consensus rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Company 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.