IFM Investors Pty Ltd Reduces 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 reduced its position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,242 shares of the company's stock after selling 15,824 shares during the period. IFM Investors Pty Ltd's holdings in Alliant Energy were worth $3,297,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings 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 buying an additional 158,507 shares during the last quarter. Northern Trust Corp grew its position in Alliant Energy by 1.3% in the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company's stock worth $157,208,000 after acquiring an additional 30,608 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Alliant Energy by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company's stock worth $146,113,000 after acquiring an additional 17,681 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in Alliant Energy by 3.1% in the first quarter. Johnson Investment Counsel Inc. now owns 1,872,409 shares of the company's stock valued at $120,490,000 after purchasing an additional 56,640 shares during the period. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Alliant Energy during the 1st quarter worth about $82,496,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

Shares of LNT stock traded up $0.64 during mid-day trading on Wednesday, hitting $64.26. The stock had a trading volume of 331,853 shares, compared to its average volume of 1,953,636. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $67.11. 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 company's 50-day simple moving average is $64.72 and its 200-day simple moving average is $62.70. The firm has a market cap of $16.51 billion, a PE ratio of 19.86, a PEG ratio of 3.05 and a beta of 0.54.

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 (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $977.15 million. During the same period in the prior year, the company posted $0.57 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were issued 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 3.2%. Alliant Energy's dividend payout ratio (DPR) is 62.65%.

Wall Street Analysts Forecast Growth

LNT has been the topic of several research analyst reports. Bank of America boosted their price objective on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 14th. UBS Group reissued a "neutral" rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a report 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 research report on Tuesday, May 20th. Finally, BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. 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. According to MarketBeat, Alliant Energy presently has an average rating of "Hold" and a consensus target price 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.