Commonwealth Equity Services LLC boosted its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,862 shares of the company's stock after buying an additional 17,300 shares during the period. Commonwealth Equity Services LLC's holdings in Alliant Energy were worth $5,551,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in LNT. Larson Financial Group LLC raised its stake in Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock valued at $26,000 after acquiring an additional 425 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $29,000. ORG Partners LLC raised its holdings in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after buying an additional 517 shares during the period. WASHINGTON TRUST Co grew its position 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 acquiring an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 79.90% of the company's stock.
Alliant Energy Stock Performance
NASDAQ LNT traded up $0.76 on Wednesday, hitting $62.86. The stock had a trading volume of 2,144,214 shares, compared to its average volume of 1,513,921. Alliant Energy Co. has a one year low of $47.23 and a one year high of $66.54. The stock has a market cap of $16.14 billion, a price-to-earnings ratio of 23.37, a P/E/G ratio of 2.83 and a beta of 0.54. The company's 50-day moving average is $61.52 and its two-hundred day moving average is $60.60. 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 (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share 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 the consensus estimate of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, analysts expect 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. Shareholders of record on Friday, January 31st were given a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.23%. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy's dividend payout ratio is 75.46%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the company. Guggenheim restated a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. BMO Capital Markets lifted their price objective 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, UBS Group increased their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $63.55.
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About Alliant Energy
(
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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