Versor Investments LP Makes New Investment in Alliant Energy Corporation $LNT

Key Points

• Versor Investments LP invested $254,000 in Alliant Energy Corporation, acquiring 3,948 shares in the first quarter, highlighting institutional interest in the company.
• Alliant Energy reported a quarterly earnings per share (EPS) of $0.68, exceeding estimates and demonstrating a 7.5% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.5075 per share, which reflects a 3.1% dividend yield and a payout ratio of 62.65%.

Versor Investments LP 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,948 shares of the company's stock, valued at approximately $254,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new stake in Alliant Energy during the first quarter valued at about $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Alliant Energy in the first quarter worth about $29,000. TD Private Client Wealth LLC purchased a new stake in shares of Alliant Energy in the first quarter worth about $34,000. First Command Advisory Services Inc. purchased a new stake in shares of Alliant Energy in the first quarter worth about $34,000. Finally, Tsfg LLC purchased a new stake in shares of Alliant Energy in the first quarter worth about $34,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Up 0.1%

LNT traded up $0.09 on Wednesday, reaching $65.80. The company's stock had a trading volume of 1,634,301 shares, compared to its average volume of 2,085,488. The stock has a market cap of $16.91 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $67.11. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. The business's 50 day moving average is $63.71 and its 200 day moving average is $62.46.

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, beating analysts' consensus estimates of $0.62 by $0.06. The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.Alliant Energy's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, research analysts forecast 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. Shareholders of record on Thursday, July 31st were issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, July 31st. Alliant Energy's dividend payout ratio (DPR) is currently 62.65%.

Wall Street Analyst Weigh In

LNT has been the subject of several analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $67.00 target price (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 target price (up previously from $66.00) on shares of Alliant Energy in a research report on Monday, August 11th. Bank of America upped their target price on Alliant Energy from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price for the company in a research report on Monday, July 7th. 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 MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $65.50.

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.