New England Research & Management Inc. Makes New $305,000 Investment in Alliant Energy Corporation $LNT

Key Points

• New England Research & Management Inc. has acquired a $305,000 stake in Alliant Energy Corporation, purchasing 5,050 shares in the second quarter.
• Alliant Energy recently announced a quarterly dividend of $0.5075 per share, representing an annual yield of 3.1% and a payout ratio of 62.65%.
• Analysts have set new price targets for Alliant Energy, with Bank of America increasing its target from $68.00 to $70.00 and maintaining a "buy" rating.

New England Research & Management Inc. purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,050 shares of the company's stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $2,747,000 after buying an additional 21,533 shares during the period. Millennium Management LLC purchased a new stake in Alliant Energy in the 4th quarter valued at about $3,987,000. Nomura Holdings Inc. purchased a new stake in Alliant Energy in the 4th quarter valued at about $500,000. Quantinno Capital Management LP raised its holdings in Alliant Energy by 52.5% in the 4th quarter. Quantinno Capital Management LP now owns 45,628 shares of the company's stock valued at $2,698,000 after buying an additional 15,700 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Alliant Energy by 12.0% in the 4th quarter. ProShare Advisors LLC now owns 45,893 shares of the company's stock valued at $2,714,000 after buying an additional 4,935 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LNT shares. Wolfe Research upgraded 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 report on Monday, July 7th. Bank of America boosted their price objective 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. Wall Street Zen lowered shares of Alliant Energy from a "hold" rating to a "sell" rating in a research note on Saturday. 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 research note on Monday, August 11th. Finally, UBS Group reiterated a "neutral" rating and set a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $65.50.

Alliant Energy Price Performance

Shares of LNT traded up $0.39 during trading hours on Friday, reaching $64.17. 2,539,593 shares of the company traded hands, compared to its average volume of 1,548,991. The stock has a fifty day simple moving average of $64.83 and a 200 day simple moving average of $62.69. The company has a quick ratio of 0.46, a current ratio of 0.57 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 stock has a market capitalization of $16.49 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 3.00 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 analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm's quarterly revenue was up 7.5% on a year-over-year basis. During the same period last 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 predict that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company 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. This represents a $2.03 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's payout ratio is currently 62.65%.

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.