Campbell & CO Investment Adviser LLC Purchases Shares of 64,059 Alliant Energy Corporation $LNT

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) in the first quarter, HoldingsChannel reports. The firm purchased 64,059 shares of the company’s stock, valued at approximately $4,122,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hughes Financial Services LLC purchased a new position in shares of Alliant Energy in the first quarter valued at approximately $27,000. Alpine Bank Wealth Management purchased a new position in shares of Alliant Energy in the first quarter valued at approximately $29,000. TD Private Client Wealth LLC purchased a new position in shares of Alliant Energy in the first quarter valued at approximately $34,000. First Command Advisory Services Inc. purchased a new position in shares of Alliant Energy in the first quarter valued at approximately $34,000. Finally, Tsfg LLC purchased a new position in shares of Alliant Energy in the first quarter valued at approximately $34,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group reissued a “neutral” rating and issued a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a “buy” rating in a research note on Tuesday, May 20th. BMO Capital Markets reissued a “market perform” rating and issued a $68.00 price objective (up previously from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Wolfe Research raised shares of Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 price objective for the company in a research note on Monday, July 7th. Finally, Bank of America lifted their price target on shares of Alliant Energy from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $65.50.

Alliant Energy Stock Up 1.3%

Shares of Alliant Energy stock opened at $66.97 on Friday. Alliant Energy Corporation has a 52-week low of $56.08 and a 52-week high of $67.11. The company has a 50 day moving average of $63.37 and a 200 day moving average of $62.35. The company has a quick ratio of 0.46, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. The company has a market capitalization of $17.21 billion, a P/E ratio of 20.67, a P/E/G ratio of 3.16 and a beta of 0.53.

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

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were given a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, July 31st. Alliant Energy’s payout ratio is currently 62.65%.

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.