Alliant Energy Co. (NASDAQ:LNT) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP boosted its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,371,477 shares of the company's stock after acquiring an additional 74,968 shares during the quarter. First Trust Advisors LP owned 0.53% of Alliant Energy worth $81,109,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Alliant Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock worth $1,931,732,000 after purchasing an additional 226,275 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Alliant Energy by 7.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after buying an additional 499,802 shares during the period. Geode Capital Management LLC boosted its stake in Alliant Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock valued at $395,017,000 after buying an additional 102,601 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Alliant Energy by 1.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company's stock worth $241,094,000 after acquiring an additional 72,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Alliant Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock valued at $133,237,000 after acquiring an additional 36,438 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $59.29 on Tuesday. Alliant Energy Co. has a 12 month low of $49.05 and a 12 month high of $66.54. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market cap of $15.23 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. The business has a fifty day simple moving average of $62.36 and a 200-day simple moving average of $60.82.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. On average, sell-side analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.5075 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.42%. Alliant Energy's payout ratio is 75.46%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LNT shares. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. UBS Group lifted their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, BMO Capital Markets increased their price objective on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $63.55.

About Alliant Energy

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.

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