Geode Capital Management LLC Boosts Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Geode Capital Management LLC increased its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,593,166 shares of the company's stock after buying an additional 92,525 shares during the quarter. Geode Capital Management LLC owned about 2.57% of Alliant Energy worth $398,880,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of Alliant Energy by 7.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company's stock valued at $158,000 after purchasing an additional 174 shares in the last quarter. Empirical Finance LLC lifted its position in shares of Alliant Energy by 2.2% during the 3rd quarter. Empirical Finance LLC now owns 8,637 shares of the company's stock valued at $524,000 after acquiring an additional 189 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in shares of Alliant Energy by 0.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company's stock worth $1,119,000 after acquiring an additional 200 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Alliant Energy by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 56,557 shares of the company's stock worth $2,879,000 after acquiring an additional 236 shares during the period. Finally, Arizona State Retirement System increased its stake in Alliant Energy by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 70,426 shares of the company's stock valued at $3,585,000 after purchasing an additional 239 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Trading Down 0.0 %

Shares of NASDAQ LNT traded down $0.02 during midday trading on Friday, reaching $60.45. 855,918 shares of the stock were exchanged, compared to its average volume of 1,411,042. The stock has a 50 day moving average price of $60.77 and a 200-day moving average price of $57.23. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $15.51 billion, a P/E ratio of 23.43, a P/E/G ratio of 2.98 and a beta of 0.59. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the company earned $1.05 EPS. Alliant Energy's revenue for the quarter was up .4% on a year-over-year basis. Equities research analysts expect that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.48 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.18%. Alliant Energy's dividend payout ratio (DPR) is presently 74.42%.

Wall Street Analyst Weigh In

LNT has been the topic of several research reports. UBS Group raised their price target on Alliant Energy from $64.00 to $65.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Barclays dropped their target price on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a report on Wednesday, November 6th. Mizuho upped their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a report on Friday, October 4th. Scotiabank cut shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their price objective for the stock from $64.00 to $67.00 in a research note on Thursday. Finally, Wells Fargo & Company cut their price objective on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Alliant Energy currently has a consensus rating of "Hold" and an average target price of $63.39.

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.