Hennessy Advisors Inc. Grows Position in Alliant Energy Corporation $LNT

Key Points

• Hennessy Advisors Inc. increased its stake in Alliant Energy Corporation by 26.6% during Q2, acquiring an additional 8,000 shares, bringing its total holdings to 38,050 shares valued at approximately $2.3 million.
• Alliant Energy's quarterly earnings showed an EPS of $0.68, beating estimates by $0.06, and the company has set its FY 2025 guidance at $3.150-3.25 EPS.
• Institutional investors hold 79.90% of Alliant Energy's stock, with recent activities including significant increases from major firms like Goldman Sachs and Vanguard.

Hennessy Advisors Inc. boosted its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 26.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,050 shares of the company's stock after acquiring an additional 8,000 shares during the quarter. Hennessy Advisors Inc.'s holdings in Alliant Energy were worth $2,301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Alliant Energy during the 1st quarter worth $82,496,000. Goldman Sachs Group Inc. raised its stake in Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company's stock valued at $69,792,000 after buying an additional 538,603 shares in the last quarter. Carnegie Investment Counsel acquired a new stake in Alliant Energy in the first quarter valued at $34,210,000. HITE Hedge Asset Management LLC purchased a new stake in Alliant Energy during the 1st quarter worth about $19,141,000. Finally, Vanguard Group Inc. boosted its position in shares of Alliant Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock worth $2,112,110,000 after acquiring an additional 158,507 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Ratings Changes

LNT has been the topic of several research analyst reports. BMO Capital Markets reissued a "market perform" rating and set a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. UBS Group reiterated a "neutral" rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. 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. Bank of America upped their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Finally, Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Sunday, September 28th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Alliant Energy presently has an average rating of "Hold" and an average price target of $66.00.

Alliant Energy Price Performance

LNT stock opened at $66.80 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $17.17 billion, a P/E ratio of 20.62, a PEG ratio of 3.14 and a beta of 0.54. The business has a 50 day simple moving average of $65.23 and a 200-day simple moving average of $62.90. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.55.

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 during the quarter, compared to the consensus estimate of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. Alliant Energy's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 annualized dividend and a dividend yield of 3.0%. Alliant Energy's dividend payout ratio is 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.

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