IFM Investors Pty Ltd Decreases Stock Position in Alliant Energy Corporation $LNT

Key Points

• IFM Investors Pty Ltd decreased its holdings in Alliant Energy by 23.6%, now owning 51,242 shares valued at approximately $3.3 million after selling 15,824 shares.
• Alliant Energy recently reported Q2 earnings of $0.68 per share, beating estimates and showing a 7.5% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.5075 per share, representing a 3.1% dividend yield, with a payout ratio of 62.65%.

IFM Investors Pty Ltd lowered its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 23.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,242 shares of the company's stock after selling 15,824 shares during the quarter. IFM Investors Pty Ltd's holdings in Alliant Energy were worth $3,297,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new position in shares of Alliant Energy in the first quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new stake in shares of Alliant Energy in the first quarter worth $29,000. Tsfg LLC bought a new stake in shares of Alliant Energy in the first quarter worth $34,000. TD Private Client Wealth LLC bought a new stake in shares of Alliant Energy in the first quarter worth $34,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of Alliant Energy in the first quarter worth $34,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Performance

NASDAQ LNT traded down $0.13 during trading on Monday, hitting $64.73. 862,142 shares of the company's stock traded hands, compared to its average volume of 1,964,907. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 3.05 and a beta of 0.54. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $67.11. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. The business has a 50 day moving average of $64.62 and a 200-day moving average of $62.69.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The business had revenue of $961.00 million for the quarter, compared to analysts' expectations of $977.15 million. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The business's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities research analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group reissued a "neutral" rating and issued a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a research report 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 target on the stock in a research note on Monday, July 7th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. 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 note on Thursday, August 14th. Finally, BMO Capital Markets restated 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. Four research 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 MarketBeat, Alliant Energy currently 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.