Y Intercept Hong Kong Ltd Acquires 8,193 Shares of Alliant Energy Corporation $LNT

Y Intercept Hong Kong Ltd increased its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 57.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,552 shares of the company’s stock after acquiring an additional 8,193 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Alliant Energy were worth $1,364,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LNT. Vanguard Group Inc. increased its position in 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 buying an additional 158,507 shares during the last quarter. Northern Trust Corp increased its position in 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 buying an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 buying an additional 17,681 shares during the last quarter. Johnson Investment Counsel Inc. increased its position in Alliant Energy by 2.8% in the second quarter. Johnson Investment Counsel Inc. now owns 1,924,229 shares of the company’s stock worth $116,358,000 after buying an additional 51,820 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Alliant Energy by 98.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after buying an additional 538,603 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Price Performance

NASDAQ:LNT opened at $66.82 on Monday. The firm has a market capitalization of $17.17 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 3.20 and a beta of 0.54. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $69.75. The stock has a fifty day moving average of $66.30 and a 200 day moving average of $63.78. 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) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $961.00 million during the quarter, compared to analyst estimates of $977.15 million. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. On average, research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be given a dividend of $0.5075 per share. The ex-dividend date is Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is presently 62.65%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wall Street Zen raised Alliant Energy from a “sell” rating to a “hold” rating in a research report on Sunday, September 28th. Bank of America raised their target price on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. 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. UBS Group raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $74.00 to $79.00 in a report on Friday, October 24th. Finally, Barclays set a $65.00 price target on Alliant Energy and gave the stock an “underweight” rating in a report on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Alliant Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.56.

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.