9,207 Shares in Alliant Energy Corporation $LNT Purchased by Quantbot Technologies LP

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 acquired a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,207 shares of the company's stock, valued at approximately $592,000.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew 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 worth $2,112,110,000 after acquiring an additional 158,507 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Alliant Energy by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company's stock worth $636,829,000 after acquiring an additional 76,987 shares during the period. Northern Trust Corp grew its holdings 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 acquiring an additional 30,608 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 17,681 shares during the period. Finally, Johnson Investment Counsel Inc. grew its holdings 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 acquiring an additional 56,640 shares during the period. Institutional investors own 79.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price target for the company in a report on Monday, July 7th. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Bank of America boosted their price target on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and an average target price of $65.50.

Alliant Energy Price Performance

Shares of Alliant Energy stock traded up $0.05 during trading hours on Friday, hitting $65.07. The company's stock had a trading volume of 1,669,629 shares, compared to its average volume of 2,035,713. The business has a 50 day moving average price of $63.90 and a two-hundred day moving average price of $62.55. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $67.11. The company has a market cap of $16.72 billion, a PE ratio of 20.08, a PEG ratio of 3.07 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.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS 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 business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $977.15 million. During the same period in the previous year, the business earned $0.57 earnings per share. The business's revenue was up 7.5% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

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

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.