United Services Automobile Association Acquires Shares of 6,869 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 stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,869 shares of the company's stock, valued at approximately $437,000.

A number of other large investors have also recently modified their holdings of LNT. Vanguard Group Inc. lifted its position in Alliant Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock worth $2,112,110,000 after buying an additional 158,507 shares during the last quarter. Northern Trust Corp lifted its position in shares of Alliant Energy by 1.3% in the 1st quarter. Northern Trust Corp now owns 2,443,014 shares of the company's stock worth $157,208,000 after purchasing an additional 30,608 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Alliant Energy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company's stock valued at $146,113,000 after acquiring an additional 17,681 shares in the last quarter. Johnson Investment Counsel Inc. raised its holdings in 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 purchasing an additional 56,640 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Alliant Energy in the first quarter worth $82,496,000. Institutional investors own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. 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 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. 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. UBS Group restated 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. 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 research note on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Trading Down 0.8%

NASDAQ:LNT traded down $0.50 during midday trading on Tuesday, hitting $64.23. 214,627 shares of the company traded hands, compared to its average volume of 1,954,709. The firm's fifty day moving average is $64.67 and its 200-day moving average is $62.69. The firm has a market capitalization of $16.51 billion, a P/E ratio of 19.83, a P/E/G ratio of 3.05 and a beta of 0.54. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 12-month low of $56.08 and a 12-month high of $67.11.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The firm had revenue of $961.00 million during the quarter, compared to analysts' expectations of $977.15 million. During the same period in the previous year, the company earned $0.57 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, sell-side analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

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