Y Intercept Hong Kong Ltd Grows Stock Holdings in Alliant Energy Corporation $LNT

Y Intercept Hong Kong Ltd lifted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 57.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,552 shares of the company’s stock after buying an additional 8,193 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Alliant Energy were worth $1,364,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Teacher Retirement System of Texas bought a new stake in shares of Alliant Energy in the first quarter worth about $2,414,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Alliant Energy by 19.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 55,413 shares of the company’s stock worth $3,566,000 after buying an additional 8,959 shares during the period. Ballentine Partners LLC purchased a new stake in Alliant Energy in the 2nd quarter worth approximately $238,000. Ilmarinen Mutual Pension Insurance Co lifted its holdings in Alliant Energy by 152.9% in the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 86,000 shares of the company’s stock worth $5,534,000 after buying an additional 52,000 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in Alliant Energy by 23.2% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,943 shares of the company’s stock worth $2,173,000 after buying an additional 6,759 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 1.6%

Shares of Alliant Energy stock opened at $66.82 on Monday. 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 company has a 50-day moving average of $66.30 and a 200 day moving average of $63.78. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $69.75. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.20 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The firm had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $977.15 million. During the same period in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Alliant Energy has set its FY 2025 guidance at 3.150-3.25 EPS. As a group, sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Alliant Energy in a report on Wednesday, October 8th. 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 report on Friday, October 17th. BMO Capital Markets increased their price objective on Alliant Energy from $68.00 to $71.00 and gave the stock a “market perform” rating in a report on Friday, October 17th. Barclays set a $65.00 price objective on Alliant Energy and gave the stock an “underweight” rating in a report on Tuesday, October 14th. Finally, Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective on the stock in a research report on Monday, July 7th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Alliant Energy presently has an average rating of “Moderate Buy” and an average target price of $68.56.

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.