APG Asset Management N.V. Acquires Shares of 139,700 Alliant Energy Co. (NASDAQ:LNT)

APG Asset Management N.V. acquired a new position in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 139,700 shares of the company's stock, valued at approximately $7,979,000. APG Asset Management N.V. owned about 0.05% of Alliant Energy as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Alliant Energy during the 4th quarter valued at $29,000. ORG Partners LLC grew its stake in shares of Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after acquiring an additional 517 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after buying an additional 291 shares in the last quarter. WASHINGTON TRUST Co lifted its position 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. purchased a new stake in shares of Alliant Energy during the fourth quarter valued at $53,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LNT shares. UBS Group upped their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Guggenheim restated a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. Finally, BMO Capital Markets lifted their target price 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. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and a consensus target price of $63.55.

Remove Ads

Alliant Energy Stock Performance

Shares of NASDAQ:LNT traded down $0.25 during midday trading on Tuesday, hitting $61.56. The company had a trading volume of 1,094,222 shares, compared to its average volume of 1,593,775. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 2.83 and a beta of 0.52. 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 fifty day moving average of $62.30 and a two-hundred day moving average of $60.82. 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 announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. On average, equities research analysts expect that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.5075 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.30%. Alliant Energy's payout ratio is presently 75.46%.

About Alliant Energy

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.