Cibc World Markets Corp Boosts Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Cibc World Markets Corp raised its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 16.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,490 shares of the company's stock after buying an additional 5,698 shares during the period. Cibc World Markets Corp's holdings in Alliant Energy were worth $2,395,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC raised its position in shares of Alliant Energy by 0.6% in the third quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock valued at $648,847,000 after buying an additional 65,110 shares during the last quarter. Geode Capital Management LLC raised its holdings in Alliant Energy by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company's stock valued at $398,880,000 after acquiring an additional 92,525 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock worth $395,260,000 after purchasing an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Alliant Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock worth $133,237,000 after purchasing an additional 36,438 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in shares of Alliant Energy by 0.5% in the fourth quarter. Johnson Investment Counsel Inc. now owns 1,815,769 shares of the company's stock valued at $107,385,000 after purchasing an additional 9,281 shares in the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

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Alliant Energy Trading Down 1.4 %

Shares of LNT stock traded down $0.88 during trading hours on Tuesday, hitting $62.10. The company had a trading volume of 1,881,587 shares, compared to its average volume of 1,898,312. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two week 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 company's fifty day moving average is $61.44 and its 200 day moving average is $60.57. The stock has a market capitalization of $15.94 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Research analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Friday, January 31st. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. Alliant Energy's dividend payout ratio is currently 75.46%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price objective for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Guggenheim reiterated a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets upped their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Monday, February 24th. Finally, UBS Group lifted their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday. Seven equities research 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 has an average rating of "Hold" and an average price target of $63.55.

Alliant Energy Company Profile

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.