Gotham Asset Management LLC Acquires 72,202 Shares of Alliant Energy Corporation $LNT

Key Points

• Gotham Asset Management LLC increased its stake in Alliant Energy Corporation by 50.2%, acquiring an additional 72,202 shares, bringing its total holdings to 215,933 shares valued at approximately $13.9 million.
• Several institutional investors, including Vanguard Group Inc. and Janus Henderson Group PLC, have also raised their stakes in Alliant Energy, highlighting a trend of increasing institutional interest in the company.
• The latest analyst ratings indicate a consensus of “Hold” for Alliant Energy, with a price target range between $65.00 and $70.00, reflecting a cautious but positive outlook on the stock's performance.

Gotham Asset Management LLC grew its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 50.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,933 shares of the company's stock after purchasing an additional 72,202 shares during the period. Gotham Asset Management LLC owned approximately 0.08% of Alliant Energy worth $13,895,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Horizon Investments LLC lifted its holdings in shares of Alliant Energy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,682 shares of the company's stock valued at $235,000 after purchasing an additional 172 shares in the last quarter. Financial Advisors Network Inc. lifted its holdings in shares of Alliant Energy by 4.1% in the first 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 in the last quarter. Leavell Investment Management Inc. lifted its holdings in shares of Alliant Energy by 3.4% in the first quarter. Leavell Investment Management Inc. now owns 6,061 shares of the company's stock valued at $390,000 after purchasing an additional 200 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in shares of Alliant Energy by 5.9% in the first quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock valued at $234,000 after purchasing an additional 201 shares in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Alliant Energy by 28.9% in the first quarter. Larson Financial Group LLC now owns 931 shares of the company's stock valued at $60,000 after purchasing an additional 209 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

LNT traded up $0.15 on Friday, hitting $64.81. 235,293 shares of the stock traded hands, compared to its average volume of 1,965,966. Alliant Energy Corporation has a 52 week low of $56.08 and a 52 week high of $67.11. The firm has a market capitalization of $16.65 billion, a PE ratio of 20.03, a P/E/G ratio of 3.02 and a beta of 0.54. The business has a fifty day moving average price of $64.56 and a two-hundred day moving average price of $62.70. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the previous year, the company earned $0.57 earnings per share. The business's revenue 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, research analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

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

Analysts Set New Price Targets

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

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.