Ilmarinen Mutual Pension Insurance Co Has $5.53 Million Stake 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 raised its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 152.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,000 shares of the company's stock after acquiring an additional 52,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Alliant Energy were worth $5,534,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in Alliant Energy in the first quarter valued at approximately $2,414,000. Sowell Financial Services LLC acquired a new stake in Alliant Energy in the first quarter worth $316,000. Wealth Enhancement Advisory Services LLC raised its holdings in Alliant Energy by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 65,585 shares of the company's stock worth $4,220,000 after purchasing an additional 1,198 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Alliant Energy by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock worth $1,934,000 after acquiring an additional 800 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in shares of Alliant Energy by 112.9% during the first quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock worth $378,000 after acquiring an additional 3,108 shares during the period. 79.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LNT shares. Bank of America raised their price objective on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. UBS Group reaffirmed a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Finally, Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research report on Monday, July 7th. Four 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. According to MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and a consensus price target of $65.50.

Alliant Energy Stock Performance

Shares of LNT traded down $0.49 during midday trading on Tuesday, reaching $64.24. The stock had a trading volume of 237,866 shares, compared to its average volume of 1,954,929. The firm has a market cap of $16.51 billion, a PE ratio of 19.86, a P/E/G ratio of 3.05 and a beta of 0.54. 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 firm has a 50 day simple moving average of $64.67 and a 200-day simple moving average of $62.69. Alliant Energy Corporation has a one year low of $56.08 and a one year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. The business 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 was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.2%. Alliant Energy's payout ratio is presently 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.