Intech Investment Management LLC Acquires 10,574 Shares of Alliant Energy Corporation $LNT

Key Points

• Intech Investment Management LLC increased its holdings in Alliant Energy by 45.6% after acquiring an additional 10,574 shares, bringing its total to 33,777 shares valued at approximately $2.17 million.
• Alliant Energy reported $0.68 earnings per share for its recent quarter, surpassing analysts' expectations of $0.62, while also achieving a 7.5% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.5075 per share, reflecting an annualized dividend yield of 3.1% and a payout ratio of 62.65%.

Intech Investment Management LLC lifted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 45.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 33,777 shares of the company's stock after acquiring an additional 10,574 shares during the period. Intech Investment Management LLC's holdings in Alliant Energy were worth $2,174,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Alliant Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock valued at $2,112,110,000 after purchasing an additional 158,507 shares during the last quarter. Northern Trust Corp lifted its holdings in Alliant Energy by 1.3% during the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company's stock valued at $157,208,000 after purchasing an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Alliant Energy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company's stock valued at $146,113,000 after purchasing an additional 17,681 shares during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Alliant Energy by 3.1% during the 1st 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 last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Alliant Energy during the 1st quarter valued at about $82,496,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Trading Down 0.2%

LNT opened at $64.73 on Tuesday. 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 has a market cap of $16.63 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. 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 fifty-two week low of $56.08 and a fifty-two week high of $67.11.

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 for the quarter, topping analysts' consensus estimates 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 for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, 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 declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's payout ratio is 62.65%.

Wall Street Analyst Weigh In

LNT has been the subject of several analyst reports. Bank of America lifted their price target 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. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target for the company in a report on Monday, July 7th. BMO Capital Markets restated a "market perform" rating and issued a $68.00 price objective (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 price objective on shares of Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. Finally, UBS Group restated a "neutral" rating and issued a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.