Dynamic Technology Lab Private Ltd acquired a new stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,153 shares of the company's stock, valued at approximately $482,000.
Several other institutional investors have also modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $29,000. ORG Partners LLC boosted its position in 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 acquiring an additional 517 shares in the last quarter. Larson Financial Group LLC lifted its stake 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 purchasing an additional 291 shares during the last quarter. WASHINGTON TRUST Co boosted its holdings in shares of 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 position in shares of Alliant Energy during the 4th quarter worth approximately $53,000. 79.90% of the stock is owned by institutional investors.
Alliant Energy Price Performance
NASDAQ:LNT traded up $1.32 during trading hours on Monday, hitting $61.91. 504,786 shares of the stock were exchanged, compared to its average volume of 1,588,250. The company has a market cap of $15.90 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.83 and a beta of 0.52. The firm's fifty day moving average price is $62.26 and its 200 day moving average price is $60.81. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The company 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%. As a group, equities research analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.
Alliant Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid 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 (DPR) is presently 75.46%.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on LNT shares. BMO Capital Markets increased their price target 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 reiterated a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Finally, UBS Group upped their target price on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $63.55.
View Our Latest Stock Report 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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