Schroder Investment Management Group trimmed its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 357,889 shares of the company's stock after selling 21,378 shares during the period. Schroder Investment Management Group owned approximately 0.14% of Alliant Energy worth $21,234,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in LNT. Point72 Asset Management L.P. lifted its stake in shares of Alliant Energy by 92.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock worth $97,363,000 after purchasing an additional 771,919 shares during the period. Jennison Associates LLC bought a new position in Alliant Energy in the fourth quarter worth approximately $32,225,000. Retirement Systems of Alabama boosted its stake in shares of Alliant Energy by 698.3% during the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock worth $27,400,000 after acquiring an additional 394,920 shares during the last quarter. National Pension Service bought a new stake in shares of Alliant Energy during the 4th quarter valued at $22,531,000. Finally, Raymond James Financial Inc. bought a new stake in Alliant Energy during the fourth quarter valued at about $20,677,000. 79.90% of the stock is owned by hedge funds and other institutional investors.
Alliant Energy Price Performance
Alliant Energy stock traded down $3.49 during midday trading on Friday, reaching $61.36. 3,087,928 shares of the stock traded hands, compared to its average volume of 1,573,343. The stock has a market cap of $15.75 billion, a P/E ratio of 22.81, a PEG ratio of 2.83 and a beta of 0.52. The stock's fifty day moving average is $62.16 and its 200-day moving average is $60.81. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54.
Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating 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 net margin of 17.33% and a return on equity of 11.39%. As a group, equities research analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current year.
Alliant Energy Announces Dividend
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 given a $0.5075 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.31%. Alliant Energy's dividend payout ratio is currently 75.46%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on LNT. UBS Group lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Scotiabank cut shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets upped their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Monday, February 24th. Finally, Guggenheim reissued a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a 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. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $63.55.
Check Out Our Latest Research Report on Alliant Energy
Alliant Energy 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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