Amundi lifted its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,859 shares of the company's stock after buying an additional 29,725 shares during the quarter. Amundi owned approximately 0.08% of Alliant Energy worth $12,505,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of LNT. Larson Financial Group LLC lifted its holdings in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after buying an additional 425 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy in the fourth quarter valued at approximately $29,000. ORG Partners LLC raised its stake 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 in the last quarter. WASHINGTON TRUST Co raised its stake in Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Alliant Energy in the fourth quarter valued at approximately $53,000. 79.90% of the stock is owned by hedge funds and other institutional investors.
Alliant Energy Price Performance
NASDAQ LNT traded down $0.18 on Tuesday, reaching $63.35. 2,028,227 shares of the company's stock traded hands, compared to its average volume of 1,506,336. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54. 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 50-day simple moving average of $60.86 and a 200 day simple moving average of $60.41. The stock has a market cap of $16.26 billion, a PE ratio of 23.55, a P/E/G ratio of 2.83 and a beta of 0.54.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. As a group, research analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current year.
Alliant Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a $0.5075 dividend. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.20%. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on LNT shares. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Scotiabank downgraded shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets raised their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Alliant Energy currently has an average rating of "Hold" and a consensus price target of $63.25.
Get Our Latest 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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