United Services Automobile Association Makes New Investment in Alliant Energy Corporation $LNT

Key Points

• United Services Automobile Association has made a new investment in Alliant Energy Corporation, purchasing 6,869 shares valued at approximately $437,000.
• Alliant Energy reported a quarterly earnings per share (EPS) of $0.68, exceeding analysts’ expectations of $0.62, and had a revenue of $961 million for the quarter.
• The company recently declared a quarterly dividend of $0.5075 per share, yielding 3.2%, with a payout ratio of 62.65%.

United Services Automobile Association purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,869 shares of the company's stock, valued at approximately $437,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LNT. Ameriprise Financial Inc. increased its stake in Alliant Energy by 0.8% during the fourth quarter. Ameriprise Financial Inc. now owns 260,970 shares of the company's stock worth $15,439,000 after purchasing an additional 2,120 shares during the period. Captrust Financial Advisors increased its stake in Alliant Energy by 3.2% during the fourth quarter. Captrust Financial Advisors now owns 12,511 shares of the company's stock worth $740,000 after purchasing an additional 384 shares during the period. Ethic Inc. increased its stake in Alliant Energy by 36.5% during the fourth quarter. Ethic Inc. now owns 15,810 shares of the company's stock worth $935,000 after purchasing an additional 4,227 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Alliant Energy by 86.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,454 shares of the company's stock worth $2,747,000 after buying an additional 21,533 shares during the period. Finally, Millennium Management LLC purchased a new stake in shares of Alliant Energy during the fourth quarter worth approximately $3,987,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $63.99 on Thursday. The firm has a market capitalization of $16.44 billion, a P/E ratio of 19.75, a P/E/G ratio of 3.02 and a beta of 0.54. Alliant Energy Corporation has a 52 week low of $56.08 and a 52 week high of $67.11. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The firm's 50 day moving average is $64.50 and its two-hundred day moving average is $62.69.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, beating the consensus estimate 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 net margin of 20.07% and a return on equity of 12.25%. The firm's revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. Research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, July 31st. Alliant Energy's dividend payout ratio is currently 62.65%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Bank of America upped their target price 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. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. UBS Group restated a "neutral" rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Wolfe Research upgraded shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a research note on Monday, July 7th. Finally, Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $65.50.

About Alliant Energy

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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