B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 81.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,751 shares of the company's stock after selling 63,400 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Alliant Energy were worth $872,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Alliant Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock valued at $1,931,732,000 after buying an additional 226,275 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Alliant Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company's stock worth $398,880,000 after acquiring an additional 92,525 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Alliant Energy by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company's stock worth $241,094,000 after acquiring an additional 72,748 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Alliant Energy by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock valued at $133,237,000 after purchasing an additional 36,438 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of Alliant Energy by 9.0% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,056,042 shares of the company's stock valued at $121,594,000 after purchasing an additional 168,995 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.
Alliant Energy Stock Performance
NASDAQ:LNT traded up $1.03 during trading hours on Tuesday, reaching $60.84. The stock had a trading volume of 431,209 shares, compared to its average volume of 1,576,924. 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 quick ratio of 0.72 and a current ratio of 0.86. The stock has a 50 day simple moving average of $62.16 and a 200 day simple moving average of $60.82. The stock has a market cap of $15.62 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52.
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 business had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. On average, research analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.
Alliant Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.34%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on LNT. BMO Capital Markets upped their price objective 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. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. UBS Group lifted their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim restated a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. 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.com, the company presently has an average rating of "Hold" and a consensus target price of $63.55.
Read Our Latest Analysis 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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