Enhancing Capital LLC Purchases New Stake in Alliant Energy Co. (NASDAQ:LNT)

Enhancing Capital LLC purchased a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 31,560 shares of the company's stock, valued at approximately $1,866,000. Alliant Energy makes up about 1.5% of Enhancing Capital LLC's investment portfolio, making the stock its 21st biggest holding.

Other large investors have also made changes to their positions in the company. Janus Henderson Group PLC grew its stake in Alliant Energy by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock valued at $648,847,000 after acquiring an additional 65,110 shares during the last quarter. Geode Capital Management LLC grew its stake 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 grew 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 valued at $395,260,000 after acquiring an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alliant Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock valued at $133,237,000 after acquiring an additional 36,438 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its stake in Alliant Energy by 0.5% in the 4th quarter. Johnson Investment Counsel Inc. now owns 1,815,769 shares of the company's stock valued at $107,385,000 after acquiring an additional 9,281 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

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Alliant Energy Trading Down 0.8 %

Shares of LNT traded down $0.50 during mid-day trading on Friday, hitting $63.05. The company had a trading volume of 3,630,645 shares, compared to its average volume of 1,508,591. The business's 50-day simple moving average is $61.32 and its 200-day simple moving average is $60.52. 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 1-year low of $47.23 and a 1-year high of $66.54. The stock has a market cap of $16.18 billion, a PE ratio of 23.44, 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. Sell-side analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were given a $0.5075 dividend. The ex-dividend date was Friday, January 31st. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.22%. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Guggenheim reissued a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. BMO Capital Markets raised their price target on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th. UBS Group raised their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, Scotiabank cut shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alliant Energy presently has an average rating of "Hold" and a consensus target price of $63.55.

Alliant Energy 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.