Quantbot Technologies LP Takes Position in Alliant Energy Corporation $LNT

Key Points

• Quantbot Technologies LP has made a new investment of approximately $592,000 in Alliant Energy Corporation, purchasing 9,207 shares during the 1st quarter of the year.
• The company's recent quarterly earnings report showed an EPS of $0.68, exceeding analysts' expectations, while its revenue reached $961 million, slightly below forecasts.
• Alliant Energy announced a quarterly dividend of $0.5075 per share, representing an annualized yield of 3.1%, with a payout ratio of 62.65%.

Quantbot Technologies LP bought a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 9,207 shares of the company's stock, valued at approximately $592,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. TD Waterhouse Canada Inc. raised its holdings in Alliant Energy by 212.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock worth $65,000 after purchasing an additional 743 shares during the period. Stifel Financial Corp raised its holdings in Alliant Energy by 5.0% in the fourth quarter. Stifel Financial Corp now owns 124,478 shares of the company's stock worth $7,362,000 after purchasing an additional 5,896 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Alliant Energy by 1.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 360,348 shares of the company's stock worth $21,312,000 after purchasing an additional 3,628 shares during the period. MGO One Seven LLC acquired a new stake in Alliant Energy in the fourth quarter worth $337,000. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in Alliant Energy in the fourth quarter worth $14,176,000. Institutional investors own 79.90% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. BMO Capital Markets reiterated a "market perform" rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. UBS Group reiterated a "neutral" rating and issued a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. 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 report on Thursday, August 14th. Finally, Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Stock Down 1.2%

Alliant Energy stock traded down $0.78 during mid-day trading on Thursday, reaching $65.02. The company's stock had a trading volume of 1,626,493 shares, compared to its average volume of 2,070,145. The company has a market capitalization of $16.71 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $67.11. The business's 50 day simple moving average is $63.81 and its 200 day simple moving average is $62.50. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.68 earnings per share 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 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 firm's revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, research analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors 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 dividend payout ratio (DPR) is 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.