Geode Capital Management LLC Has $395.02 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Geode Capital Management LLC grew its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,695,767 shares of the company's stock after purchasing an additional 102,601 shares during the period. Geode Capital Management LLC owned approximately 2.61% of Alliant Energy worth $395,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alliant Energy during the fourth quarter valued at about $29,000. ORG Partners LLC raised its position in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after purchasing an additional 517 shares during the period. Larson Financial Group LLC lifted its stake in Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after purchasing an additional 291 shares in the last quarter. WASHINGTON TRUST Co boosted its position in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Alliant Energy during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Trading Down 1.6 %

LNT traded down $0.99 during trading on Thursday, hitting $59.43. The company's stock had a trading volume of 481,976 shares, compared to its average volume of 1,941,585. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The firm's 50 day moving average price is $62.21 and its 200-day moving average price is $60.80. 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 stock has a market cap of $15.27 billion, a PE ratio of 22.10, a PEG ratio of 2.83 and a beta of 0.52.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last posted 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. The firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.5075 per share. The ex-dividend date 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 currently 75.46%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LNT. Guggenheim reiterated a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Monday, February 24th. Finally, UBS Group increased their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $63.55.

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.