Boothbay Fund Management LLC Has $297,000 Position in Alliant Energy Co. (NASDAQ:LNT)

Posted by on Mar 4th, 2023

Boothbay Fund Management LLC lowered its stake in shares of Alliant Energy Co. (NASDAQ:LNT – Get Rating) by 58.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,608 shares of the company’s stock after selling 8,000 shares during the period. Boothbay Fund Management LLC’s holdings in Alliant Energy were worth $297,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Clarius Group LLC boosted its stake in shares of Alliant Energy by 4.7% during the 2nd quarter. Clarius Group LLC now owns 3,630 shares of the company’s stock valued at $213,000 after buying an additional 163 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Alliant Energy by 1.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 20,127 shares of the company’s stock valued at $1,180,000 after purchasing an additional 202 shares in the last quarter. United Capital Financial Advisers LLC raised its holdings in shares of Alliant Energy by 0.3% during the 2nd quarter. United Capital Financial Advisers LLC now owns 83,833 shares of the company’s stock valued at $4,913,000 after purchasing an additional 224 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Alliant Energy by 10.1% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,540 shares of the company’s stock valued at $149,000 after purchasing an additional 233 shares in the last quarter. Finally, Westpac Banking Corp raised its holdings in shares of Alliant Energy by 0.5% during the 3rd quarter. Westpac Banking Corp now owns 47,028 shares of the company’s stock valued at $2,492,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds own 75.89% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT opened at $52.07 on Friday. The company has a market capitalization of $13.08 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 3.05 and a beta of 0.53. Alliant Energy Co. has a one year low of $47.19 and a one year high of $65.37. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.53 and a quick ratio of 0.58. The company’s fifty day moving average price is $54.01 and its 200 day moving average price is $54.13.

Alliant Energy (NASDAQ:LNT – Get Rating) last posted its quarterly earnings data on Friday, February 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.01). Alliant Energy had a return on equity of 11.31% and a net margin of 16.32%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $875.67 million. During the same quarter in the previous year, the firm posted $0.35 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, analysts expect that Alliant Energy Co. will post 2.9 earnings per share for the current year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 15th. Stockholders of record on Tuesday, January 31st were issued a dividend of $0.4525 per share. This is an increase from Alliant Energy’s previous quarterly dividend of $0.43. The ex-dividend date was Monday, January 30th. This represents a $1.81 annualized dividend and a dividend yield of 3.48%. Alliant Energy’s payout ratio is presently 66.30%.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of recent research reports. Mizuho downgraded shares of Alliant Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $64.00 to $55.00 in a report on Monday, January 9th. Guggenheim upgraded shares of Alliant Energy from a “sell” rating to a “neutral” rating and raised their price target for the company from $46.00 to $52.00 in a report on Tuesday, February 21st. BMO Capital Markets cut their price target on shares of Alliant Energy from $59.00 to $58.00 and set a “market perform” rating on the stock in a report on Monday, February 27th. Wells Fargo & Company raised their price target on shares of Alliant Energy from $57.00 to $63.00 in a report on Wednesday, December 14th. Finally, UBS Group lifted their target price on shares of Alliant Energy to $58.00 in a report on Monday, November 21st. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and an average price target of $59.50.

Alliant Energy Profile

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Alliant Energy Corp. is a regulated investor-owned public utility holding company that engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates through following segments: utility electric operations, utility gas operations, and utility other.

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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