Essential Planning LLC. acquired a new stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 151,645 shares of the company's stock, valued at approximately $9,167,000. Essential Planning LLC. owned about 0.06% of Alliant Energy at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted 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 during the fourth quarter worth $29,000. ORG Partners LLC raised its holdings in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after purchasing an additional 517 shares during the period. WASHINGTON TRUST Co raised its holdings in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after purchasing an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy during the fourth quarter worth $53,000. 79.90% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
LNT has been the topic of a number of research reports. BMO Capital Markets increased 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. Scotiabank cut shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, Guggenheim reissued a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $63.25.
Read Our Latest Analysis on LNT
Alliant Energy Stock Down 1.0 %
LNT stock opened at $62.62 on Wednesday. The stock has a market cap of $16.07 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm's 50-day simple moving average is $60.50 and its 200 day simple moving average is $60.27. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two week high of $66.54.
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 (EPS) for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.14 billion. As a group, sell-side analysts predict that Alliant Energy Co. will post 3.23 EPS 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 3.24%. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy's dividend payout ratio is 75.46%.
Alliant Energy 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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