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

Y Intercept Hong Kong Ltd increased its stake in Alliant Energy Corporation (NASDAQ:LNT) by 108.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,101 shares of the company’s stock after acquiring an additional 24,549 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Alliant Energy were worth $3,175,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts have issued reports on LNT shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a research note on Monday, November 24th. Wolfe Research reaffirmed an “outperform” rating and set a $76.00 price objective on shares of Alliant Energy in a research note on Monday, December 1st. BMO Capital Markets upgraded shares of 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 report on Tuesday, January 13th. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Finally, Bank of America lifted their price objective on Alliant Energy from $70.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Alliant Energy currently has an average rating of “Moderate Buy” and a consensus price target of $71.13.

Alliant Energy Stock Performance

Alliant Energy stock opened at $66.82 on Tuesday. Alliant Energy Corporation has a 52 week low of $57.09 and a 52 week high of $69.75. The company has a current ratio of 0.83, a quick ratio of 0.70 and a debt-to-equity ratio of 1.46. The stock 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 stock has a 50 day moving average of $66.25 and a 200-day moving average 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 the consensus estimate of $1.17 by ($0.05). Alliant Energy had a return on equity of 12.02% and a net margin of 19.14%.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 previous year, the firm posted $1.15 EPS. 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. On average, analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently disclosed 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 represents a $2.14 annualized dividend and a yield of 3.2%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date is Friday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is 63.84%.

Alliant Energy 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.