New England Research & Management Inc. Takes $305,000 Position 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. bought 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 disclosure with the Securities & Exchange Commission. The fund bought 5,050 shares of the company's stock, valued at approximately $305,000.

A number of other institutional investors have also recently bought and sold shares of the business. Hughes Financial Services LLC purchased a new position in shares of Alliant Energy during the 1st quarter valued at $27,000. Alpine Bank Wealth Management bought a new position in Alliant Energy in the 1st quarter worth about $29,000. Tsfg LLC bought a new position in shares of Alliant Energy during the 1st quarter valued at about $34,000. TD Private Client Wealth LLC purchased a new stake in Alliant Energy during the 1st quarter valued at about $34,000. Finally, First Command Advisory Services Inc. purchased a new position in shares of Alliant Energy in the first quarter valued at about $34,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Down 0.2%

LNT stock opened at $64.73 on Tuesday. The firm has a market cap of $16.63 billion, a PE ratio of 19.98, a PEG ratio of 3.05 and a beta of 0.54. 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 firm's 50 day moving average price is $64.67 and its 200-day moving average price is $62.69. Alliant Energy Corporation has a one year low of $56.08 and a one year high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 earnings per share. 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 year.

Alliant Energy Announces Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on LNT. Bank of America increased their price objective on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. 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. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. Wolfe Research upgraded Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target for the company in a research note on Monday, July 7th. Finally, BMO Capital Markets restated 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. Four equities research 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $65.50.

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.

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