DRW Securities LLC lifted its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 1,167.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 155,200 shares of the company's stock after purchasing an additional 142,955 shares during the quarter. DRW Securities LLC owned 0.06% of Alliant Energy worth $9,179,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alliant Energy during the 4th quarter valued at about $29,000. ORG Partners LLC grew its stake in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after purchasing an additional 517 shares during the period. Larson Financial Group LLC lifted its position in shares of Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after buying an additional 291 shares during the period. WASHINGTON TRUST Co boosted its stake 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 buying an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Alliant Energy in the fourth quarter valued at $53,000. Institutional investors own 79.90% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on LNT shares. BMO Capital Markets boosted 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. UBS Group boosted their target price on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Guggenheim reaffirmed a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and a consensus price target of $63.55.
Check Out Our Latest Analysis on LNT
Alliant Energy Stock Performance
Shares of NASDAQ LNT traded up $1.29 during trading hours on Monday, reaching $61.88. 702,859 shares of the stock were exchanged, compared to its average volume of 1,589,175. The stock's fifty day simple moving average is $62.26 and its 200 day simple moving average is $60.81. The firm has a market capitalization of $15.90 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week 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.
Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results 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. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The company had revenue of $976.00 million during the quarter, compared to analysts' expectations of $1.14 billion. Sell-side analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.
Alliant Energy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's dividend payout ratio is currently 75.46%.
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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