Rhumbline Advisers cut its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 526,788 shares of the company's stock after selling 6,328 shares during the quarter. Rhumbline Advisers owned about 0.21% of Alliant Energy worth $31,154,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WASHINGTON TRUST Co grew its stake in Alliant Energy by 251.2% during the fourth 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. Roman Butler Fullerton & Co. purchased a new position in shares of Alliant Energy during the 4th quarter valued at $202,000. CFC Planning Co LLC purchased a new position in shares of Alliant Energy during the 4th quarter valued at $219,000. Asset Management One Co. Ltd. increased its holdings in shares of Alliant Energy by 0.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 160,848 shares of the company's stock worth $9,577,000 after purchasing an additional 1,296 shares during the period. Finally, Van ECK Associates Corp raised its position in shares of Alliant Energy by 87.5% in the fourth quarter. Van ECK Associates Corp now owns 137,813 shares of the company's stock worth $8,150,000 after buying an additional 64,314 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on LNT shares. BMO Capital Markets reduced their target price on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating for the company in a research report on Monday, November 4th. Wells Fargo & Company cut their price objective on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, November 4th. Barclays lowered their target price on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 6th. Finally, Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their target price for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $63.39.
Read Our Latest Research Report on Alliant Energy
Alliant Energy Price Performance
LNT traded up $1.19 during midday trading on Friday, hitting $62.81. The stock had a trading volume of 3,902,860 shares, compared to its average volume of 1,627,436. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The business has a fifty day moving average of $59.39 and a 200 day moving average of $59.60. The company has a market cap of $16.12 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its 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 company had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. As a group, equities analysts forecast that Alliant Energy Co. will post 3.03 earnings per share for the current fiscal year.
Alliant Energy Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, January 31st. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's payout ratio is 78.68%.
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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