Orion Portfolio Solutions LLC increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,740 shares of the company's stock after purchasing an additional 7,903 shares during the period. Orion Portfolio Solutions LLC's holdings in Alliant Energy were worth $4,065,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Larson Financial Group LLC increased its holdings in Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after purchasing an additional 425 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Alliant Energy in the 4th quarter valued at approximately $29,000. ORG Partners LLC raised its position in Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after buying an additional 517 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after acquiring an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in Alliant Energy during the 4th quarter worth approximately $53,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.
Alliant Energy Stock Performance
LNT traded down $1.37 during trading on Friday, hitting $63.48. The stock had a trading volume of 409,922 shares, compared to its average volume of 1,564,185. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company has a 50 day moving average price of $62.11 and a 200-day moving average price of $60.81. Alliant Energy Co. has a one year low of $47.23 and a one year high of $66.54. The firm has a market cap of $16.30 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.83 and a beta of 0.52.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. As a group, research analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.
Alliant Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.
Analyst Ratings Changes
A number of analysts have recently commented on LNT shares. BMO Capital Markets boosted their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research report on Monday, February 24th. Guggenheim reissued a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. UBS Group increased their price target on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their price target for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.55.
Read Our Latest Stock Report on Alliant Energy
Alliant Energy Company Profile
(
Free Report)
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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