Ilmarinen Mutual Pension Insurance Co Boosts Holdings in Alliant Energy Corporation $LNT

Key Points

• Ilmarinen Mutual Pension Insurance Co increased its stake in Alliant Energy by 152.9%, owning 86,000 shares after purchasing an additional 52,000 shares, with holdings worth approximately $5.53 million.
• Alliant Energy reported earnings of $0.68 per share for the recent quarter, exceeding estimates of $0.62, and is projecting a full-year EPS guidance of 3.150-3.25 for FY 2025.
• The company announced a quarterly dividend of $0.5075 per share, which yields around 3.2%, with a payout ratio currently at 62.65%.

Ilmarinen Mutual Pension Insurance Co grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 152.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,000 shares of the company's stock after purchasing an additional 52,000 shares during the period. Ilmarinen Mutual Pension Insurance Co's holdings in Alliant Energy were worth $5,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hughes Financial Services LLC purchased a new stake in Alliant Energy in the first quarter worth about $27,000. Alpine Bank Wealth Management bought a new position in shares of Alliant Energy in the 1st quarter worth approximately $29,000. TD Private Client Wealth LLC purchased a new position in shares of Alliant Energy in the 1st quarter valued at approximately $34,000. First Command Advisory Services Inc. bought a new stake in shares of Alliant Energy during the first quarter valued at approximately $34,000. Finally, Tsfg LLC purchased a new stake in Alliant Energy in the first quarter worth $34,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Down 0.0%

NASDAQ:LNT opened at $63.99 on Thursday. 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 firm has a market cap of $16.44 billion, a P/E ratio of 19.75, a P/E/G ratio of 3.02 and a beta of 0.54. Alliant Energy Corporation has a fifty-two week low of $56.08 and a fifty-two week high of $67.11. The firm has a 50-day simple moving average of $64.50 and a two-hundred day simple moving average of $62.69.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its 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 for the quarter, compared to the consensus estimate of $977.15 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business's revenue was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently announced 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. This represents a $2.03 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio (DPR) is currently 62.65%.

Analyst Upgrades and Downgrades

LNT has been the subject of several recent research reports. UBS Group reissued a "neutral" rating and set a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Bank of America boosted their price objective 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. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Finally, Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock 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.

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