Mn Services Vermogensbeheer B.V. Buys New Shares in Alliant Energy Corporation $LNT

Key Points

• Mn Services Vermogensbeheer B.V. has invested approximately $5.8 million in Alliant Energy Corporation, acquiring 96,000 shares during the 2nd quarter.
• Alliant Energy's quarterly earnings exceeded expectations with an EPS of $0.68, beating the consensus of $0.62, despite a revenue report lower than anticipated at $961 million.
• The company declared a quarterly dividend of $0.5075, representing a 3.2% yield and a payout ratio of 62.65%.

Mn Services Vermogensbeheer B.V. purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 96,000 shares of the company's stock, valued at approximately $5,805,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Alliant Energy by 0.5% in the first quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock valued at $2,112,110,000 after buying an additional 158,507 shares during the period. Northern Trust Corp lifted its position in shares of Alliant Energy by 1.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Alliant Energy by 0.8% in 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 in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Alliant Energy by 3.1% in the first quarter. Johnson Investment Counsel Inc. now owns 1,872,409 shares of the company's stock worth $120,490,000 after purchasing an additional 56,640 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Alliant Energy in the first quarter worth $82,496,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Trading Up 0.6%

NASDAQ:LNT traded up $0.40 during mid-day trading on Tuesday, hitting $64.62. 409,497 shares of the company's stock were exchanged, compared to its average volume of 1,949,396. The company has a 50 day simple moving average of $64.86 and a 200-day simple moving average of $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 fifty-two week low of $56.08 and a fifty-two week high of $67.11. The firm has a market capitalization of $16.61 billion, a P/E ratio of 19.94, a PEG ratio of 3.02 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $961.00 million for 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%. The company's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.57 EPS. 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 earnings per share for the current year.

Alliant Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

LNT has been the topic of a number of research reports. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research report on Monday, July 7th. Wall Street Zen lowered shares of Alliant Energy from a "hold" rating to a "sell" rating in a research report on Saturday. UBS Group reaffirmed a "neutral" rating and set a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. BMO Capital Markets reaffirmed a "market perform" rating and set a $68.00 price target (up from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Finally, Bank of America increased their price objective on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target 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.