Alliant Energy Corporation $LNT Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd grew its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 134.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,660 shares of the company’s stock after buying an additional 18,142 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Alliant Energy were worth $1,914,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LNT. Goldman Sachs Group Inc. increased its holdings in Alliant Energy by 98.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,084,562 shares of the company’s stock worth $69,792,000 after acquiring an additional 538,603 shares in the last quarter. Carnegie Investment Counsel acquired a new stake in shares of Alliant Energy in the first quarter valued at about $34,210,000. Vanguard Group Inc. grew its position 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 valued at $2,013,875,000 after purchasing an additional 481,487 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Alliant Energy by 5.7% during the second 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 in the last quarter. Finally, HITE Hedge Asset Management LLC purchased a new stake in shares of Alliant Energy during the first quarter worth about $19,141,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

NASDAQ:LNT opened at $67.22 on Thursday. Alliant Energy Corporation has a one year low of $56.30 and a one year high of $69.75. The stock has a market cap of $17.28 billion, a PE ratio of 20.75, a P/E/G ratio of 3.20 and a beta of 0.57. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.46 and a current ratio of 0.57. The stock has a 50 day moving average price of $66.94 and a 200 day moving average price of $64.34.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data 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). Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%.The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $1.15 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Alliant Energy has set its FY 2025 guidance at 3.170-3.23 EPS. Equities research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Friday, October 31st were issued a $0.5075 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio is currently 63.84%.

Analysts Set New Price Targets

Several research firms recently issued reports on LNT. Weiss Ratings reiterated a “buy (b)” rating on shares of Alliant Energy in a report on Monday. BMO Capital Markets raised their target price on Alliant Energy from $68.00 to $71.00 and gave the company a “market perform” rating in a research report on Friday, October 17th. Barclays set a $65.00 price target on Alliant Energy and gave the stock an “underweight” rating in a research note on Tuesday, October 14th. Bank of America increased their price objective on Alliant Energy from $70.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, UBS Group raised shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $74.00 to $79.00 in a research note on Friday, October 24th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $69.00.

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.