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

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Alliant Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock worth $2,112,110,000 after acquiring an additional 158,507 shares during the period. Northern Trust Corp boosted its position in Alliant Energy by 1.3% during the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company's stock worth $157,208,000 after purchasing an additional 30,608 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Alliant Energy by 0.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company's stock worth $146,113,000 after purchasing an additional 17,681 shares during the period. Johnson Investment Counsel Inc. boosted its holdings in Alliant Energy by 3.1% in the 1st quarter. Johnson Investment Counsel Inc. now owns 1,872,409 shares of the company's stock worth $120,490,000 after buying an additional 56,640 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Alliant Energy in the 1st quarter worth approximately $82,496,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LNT shares. BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 price target (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Bank of America raised 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. 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 research note on Monday, July 7th. Finally, UBS Group restated a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $65.50.

Alliant Energy Trading Up 0.3%

Shares of NASDAQ:LNT traded up $0.21 on Thursday, reaching $64.07. 396,298 shares of the company traded hands, compared to its average volume of 1,953,965. The stock has a market capitalization of $16.46 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The business's 50-day simple moving average is $64.76 and its 200 day simple moving average is $62.70. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 52 week low of $56.08 and a 52 week 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 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company had revenue of $961.00 million during the quarter, compared to analysts' expectations of $977.15 million. During the same period in the prior year, the business posted $0.57 EPS. Alliant Energy's quarterly revenue was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, equities analysts anticipate that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 yield of 3.2%. Alliant Energy's dividend payout ratio 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.