Duff & Phelps Investment Management Co. Acquires 168,995 Shares of Alliant Energy Co. (NASDAQ:LNT)

Duff & Phelps Investment Management Co. raised its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,056,042 shares of the company's stock after buying an additional 168,995 shares during the quarter. Alliant Energy accounts for 1.5% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its 20th largest holding. Duff & Phelps Investment Management Co. owned about 0.80% of Alliant Energy worth $121,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNT. New Age Alpha Advisors LLC grew its stake in shares of Alliant Energy by 7,507.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 21,377 shares of the company's stock valued at $1,264,000 after buying an additional 21,096 shares during the period. Blair William & Co. IL grew its stake in Alliant Energy by 4.2% in the fourth quarter. Blair William & Co. IL now owns 19,479 shares of the company's stock valued at $1,152,000 after acquiring an additional 787 shares during the period. NEOS Investment Management LLC increased its holdings in shares of Alliant Energy by 28.5% during the fourth quarter. NEOS Investment Management LLC now owns 11,183 shares of the company's stock valued at $661,000 after acquiring an additional 2,483 shares in the last quarter. UniSuper Management Pty Ltd raised its position in shares of Alliant Energy by 20.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 36,366 shares of the company's stock worth $2,151,000 after purchasing an additional 6,133 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Alliant Energy by 7.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 427,806 shares of the company's stock worth $24,958,000 after purchasing an additional 28,914 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

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Alliant Energy Stock Performance

Alliant Energy stock traded down $0.17 during mid-day trading on Tuesday, reaching $64.18. 515,624 shares of the company's stock were exchanged, compared to its average volume of 1,561,047. The business's fifty day simple moving average is $61.81 and its 200 day simple moving average is $60.72. 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 Co. has a one year low of $47.23 and a one year high of $66.54. The firm has a market capitalization of $16.47 billion, a PE ratio of 23.86, a P/E/G ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. On average, sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5075 dividend. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. This represents a $2.03 annualized dividend and a yield of 3.16%. Alliant Energy's dividend payout ratio is presently 75.46%.

Wall Street Analyst Weigh In

A number of brokerages have commented on LNT. UBS Group boosted their price target 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. BMO Capital Markets upped their target price 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. Guggenheim reissued a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a report on Monday, February 24th. Finally, Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $63.55.

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.