Integrity Alliance LLC. Purchases Shares of 5,833 Alliant Energy Corporation $LNT

Key Points

• Integrity Alliance LLC invested $375,000 in Alliant Energy Corporation, acquiring 5,833 shares during the first quarter.
• Alliant Energy reported a quarterly profit of $0.68 EPS, exceeding consensus estimates and showing a 7.5% revenue increase year-over-year.
• The company declared a $0.5075 quarterly dividend, yielding 3.1% annually, with a payout ratio of 62.65%.

Integrity Alliance LLC. bought a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,833 shares of the company's stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNT. Ameriprise Financial Inc. lifted its holdings in Alliant Energy by 0.8% in the 4th quarter. Ameriprise Financial Inc. now owns 260,970 shares of the company's stock worth $15,439,000 after purchasing an additional 2,120 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Alliant Energy by 3.2% in the 4th quarter. Captrust Financial Advisors now owns 12,511 shares of the company's stock worth $740,000 after purchasing an additional 384 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Alliant Energy by 86.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,454 shares of the company's stock worth $2,747,000 after purchasing an additional 21,533 shares during the last quarter. Millennium Management LLC acquired a new stake in Alliant Energy in the 4th quarter worth approximately $3,987,000. Finally, NorthRock Partners LLC acquired a new stake in Alliant Energy in the 4th quarter worth approximately $397,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded down $0.13 during trading hours on Monday, reaching $64.73. The stock had a trading volume of 862,142 shares, compared to its average volume of 1,751,051. The business's fifty day moving average is $64.67 and its two-hundred day moving average is $62.69. 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 PEG ratio of 3.05 and a beta of 0.54. 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 issued its earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The business had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.Alliant Energy's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Thursday, July 31st were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio is presently 62.65%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LNT. Wolfe Research upgraded 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. BMO Capital Markets reiterated a "market perform" rating and set a $68.00 price target (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. UBS Group reiterated a "neutral" rating and set a $67.00 price target (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. Finally, Bank of America upped their price target on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average 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.