Alliant Energy Corporation $LNT Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 77.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 619,887 shares of the company’s stock after purchasing an additional 270,199 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.24% of Alliant Energy worth $37,485,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Alliant Energy by 1.5% in the second quarter. Vanguard Group Inc. now owns 33,303,702 shares of the company’s stock worth $2,013,875,000 after buying an additional 481,487 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Alliant Energy by 5.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,082,060 shares of the company’s stock worth $428,252,000 after purchasing an additional 384,204 shares during the period. Northern Trust Corp grew its position in Alliant Energy by 1.3% during 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 in the last quarter. Legal & General Group Plc raised its stake in Alliant Energy by 6.7% during the 2nd quarter. Legal & General Group Plc now owns 2,368,752 shares of the company’s stock valued at $143,238,000 after purchasing an additional 149,679 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Alliant Energy by 0.9% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,291,630 shares of the company’s stock valued at $138,575,000 after purchasing an additional 21,036 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

LNT has been the subject of several research analyst reports. Wolfe Research reissued an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Monday. Barclays set a $65.00 price target on shares of Alliant Energy and gave the company an “underweight” rating in a report on Tuesday, October 14th. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. BMO Capital Markets boosted their price target on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research note on Friday, October 17th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $78.00 target price on shares of Alliant Energy in a research note on Monday, November 24th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $70.88.

Alliant Energy Stock Down 0.3%

NASDAQ:LNT opened at $65.50 on Friday. The stock has a 50-day moving average price of $67.67 and a two-hundred day moving average price of $64.85. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. Alliant Energy Corporation has a 1 year low of $56.30 and a 1 year high of $69.75. The stock has a market cap of $16.84 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 2.86 and a beta of 0.66.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data 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 net margin of 19.14% and a return on equity of 12.02%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $1.15 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. As a group, equities analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Friday, October 31st were given a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, October 31st. Alliant Energy’s dividend payout ratio is 63.84%.

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.