12,210 Shares in Alliant Energy Corporation $LNT Acquired by ABC Arbitrage SA

ABC Arbitrage SA purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,210 shares of the company’s stock, valued at approximately $738,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Alliant Energy by 0.5% during 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 Alliant Energy by 1.3% in the first quarter. Northern Trust Corp now owns 2,443,014 shares of the company’s stock valued at $157,208,000 after acquiring an additional 30,608 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 valued at $146,113,000 after acquiring an additional 17,681 shares during the last quarter. Johnson Investment Counsel Inc. boosted its stake 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 valued at $116,358,000 after acquiring an additional 51,820 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Alliant Energy by 98.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after purchasing an additional 538,603 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 0.2%

Shares of LNT stock opened at $68.14 on Thursday. The business’s fifty day moving average price is $66.60 and its 200 day moving average price is $64.11. The firm has a market capitalization of $17.52 billion, a PE ratio of 21.03, a P/E/G ratio of 3.20 and a beta of 0.57. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.46. Alliant Energy Corporation has a 1-year low of $56.30 and a 1-year high of $69.75.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, November 6th. The company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.17 by ($0.05). Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the firm posted $1.15 earnings per share. Alliant Energy’s revenue for the quarter was up 11.9% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. As a group, sell-side analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Friday, October 31st will be paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 63.84%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Bank of America boosted their target price on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a report on Friday, October 17th. UBS Group raised Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $74.00 to $79.00 in a research report on Friday, October 24th. Barclays set a $65.00 price objective on Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Finally, BMO Capital Markets upped their price target on shares of Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $69.00.

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.