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

Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas purchased a new stake in shares of Alliant Energy during the first quarter worth $2,414,000. Sowell Financial Services LLC purchased a new position in Alliant Energy in the first quarter valued at $316,000. Wealth Enhancement Advisory Services LLC increased 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 valued at $4,220,000 after buying an additional 1,198 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Alliant Energy by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 30,063 shares of the company's stock valued at $1,934,000 after buying an additional 800 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Alliant Energy by 112.9% in the first quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock valued at $378,000 after buying an additional 3,108 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Analyst Ratings Changes

LNT has been the topic of several recent analyst reports. Bank of America increased their target price on 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 Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a report on Monday, July 7th. UBS Group reissued a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Wall Street Zen lowered Alliant Energy from a "hold" rating to a "sell" rating in a report on Saturday. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Alliant Energy presently has an average rating of "Hold" and a consensus price target of $65.50.

Alliant Energy Stock Up 0.6%

Shares of NASDAQ:LNT traded up $0.39 during midday trading on Friday, hitting $64.17. 2,539,593 shares of the company's stock traded hands, compared to its average volume of 1,548,991. 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 company has a market cap of $16.49 billion, a PE ratio of 19.81, a P/E/G ratio of 3.00 and a beta of 0.54. The firm's fifty day moving average price is $64.83 and its two-hundred day moving average price is $62.69. Alliant Energy Corporation has a twelve month low of $56.08 and a twelve month high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. The business had revenue of $961.00 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $0.57 EPS. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, equities research analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given 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 dividend payout ratio (DPR) is presently 62.65%.

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.