Alliant Energy Corporation $LNT Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its position in shares of Alliant Energy Corporation (NASDAQ:LNT) by 108.9% in the third quarter, HoldingsChannel reports. The firm owned 47,101 shares of the company’s stock after acquiring an additional 24,549 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Alliant Energy were worth $3,175,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd boosted its position in Alliant Energy by 7.0% during the 3rd quarter. UniSuper Management Pty Ltd now owns 39,447 shares of the company’s stock worth $2,659,000 after acquiring an additional 2,579 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of Alliant Energy by 41.1% in the third quarter. Teacher Retirement System of Texas now owns 57,866 shares of the company’s stock valued at $3,901,000 after buying an additional 16,849 shares during the period. Simplicity Wealth LLC acquired a new position in Alliant Energy during the third quarter worth about $206,000. Rakuten Investment Management Inc. acquired a new stake in Alliant Energy in the 3rd quarter valued at about $697,000. Finally, Live Oak Investment Partners acquired a new position in shares of Alliant Energy in the 3rd quarter worth approximately $596,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on LNT. BMO Capital Markets upgraded Alliant Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $70.00 to $71.00 in a research report on Tuesday, January 13th. Bank of America increased their price objective on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Wells Fargo & Company assumed coverage on shares of Alliant Energy in a research note on Tuesday, January 20th. They set an “overweight” rating and a $71.00 target price for the company. Finally, HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, January 21st. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.13.

Alliant Energy Stock Down 0.3%

LNT opened at $66.82 on Tuesday. Alliant Energy Corporation has a twelve month low of $57.09 and a twelve month high of $69.75. The firm has a market cap of $17.18 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.72 and a beta of 0.67. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.70 and a current ratio of 0.83. The business has a 50 day moving average price of $66.25 and a 200 day moving average price of $66.04.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, November 6th. The company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.05). The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.34 billion. Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.The firm’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 17th. Investors of record on Friday, January 30th will be paid a dividend of $0.535 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, January 30th. Alliant Energy’s dividend payout ratio is presently 63.84%.

Alliant Energy Company Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.