Versor Investments LP bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,948 shares of the company's stock, valued at approximately $254,000.
A number of other institutional investors have also recently bought and sold shares of LNT. Hughes Financial Services LLC acquired a new stake in Alliant Energy during the 1st quarter worth $27,000. Alpine Bank Wealth Management acquired a new stake in Alliant Energy during the 1st quarter worth $29,000. Tsfg LLC acquired a new stake in Alliant Energy during the 1st quarter worth $34,000. TD Private Client Wealth LLC acquired a new stake in Alliant Energy during the 1st quarter worth $34,000. Finally, First Command Advisory Services Inc. acquired a new stake in Alliant Energy during the 1st quarter worth $34,000. Institutional investors and hedge funds own 79.90% of the company's stock.
Alliant Energy Trading Down 0.3%
LNT opened at $66.11 on Friday. The stock has a market capitalization of $16.99 billion, a P/E ratio of 20.40, a P/E/G ratio of 3.13 and a beta of 0.53. Alliant Energy Corporation has a 12 month low of $56.08 and a 12 month high of $67.02. The firm's fifty day simple moving average is $63.25 and its 200 day simple moving average is $62.28. 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 (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $977.15 million. During the same period in the previous year, the firm posted $0.57 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. 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 EPS for the current fiscal year.
Alliant Energy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's dividend payout ratio is presently 62.65%.
Wall Street Analyst Weigh In
LNT has been the subject of a number of analyst reports. Bank of America lifted their target price on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. BMO Capital Markets reissued a "market perform" rating and issued a $68.00 price target (up previously from $66.00) on shares of Alliant Energy in a report on Monday, August 11th. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Finally, UBS Group reissued a "neutral" rating and issued a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $65.50.
View Our Latest Stock Report on Alliant Energy
Alliant Energy Company Profile
(
Free Report)
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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