Hsbc Holdings PLC Grows Position in Alliant Energy Co. (NASDAQ:LNT)

Hsbc Holdings PLC raised its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 22.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 448,480 shares of the company's stock after acquiring an additional 83,482 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of Alliant Energy worth $26,504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. RDA Financial Network raised its holdings in Alliant Energy by 2.4% in the 4th quarter. RDA Financial Network now owns 7,990 shares of the company's stock valued at $473,000 after acquiring an additional 184 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of Alliant Energy by 8.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock valued at $148,000 after purchasing an additional 191 shares during the period. Savant Capital LLC increased its stake in Alliant Energy by 1.5% in the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company's stock valued at $942,000 after purchasing an additional 237 shares during the last quarter. City State Bank lifted its position in Alliant Energy by 0.4% during the fourth quarter. City State Bank now owns 71,547 shares of the company's stock worth $4,231,000 after buying an additional 257 shares during the period. Finally, Accredited Investors Inc. boosted its stake in Alliant Energy by 7.6% in the 4th quarter. Accredited Investors Inc. now owns 3,691 shares of the company's stock worth $218,000 after buying an additional 262 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Trading Down 1.0 %

Shares of LNT opened at $60.74 on Friday. Alliant Energy Co. has a 12 month low of $49.05 and a 12 month high of $66.54. The stock's 50-day moving average is $62.34 and its two-hundred day moving average is $60.85. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a market cap of $15.60 billion, a PE ratio of 22.58, a P/E/G ratio of 2.83 and a beta of 0.52.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Equities analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is 75.46%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LNT. Guggenheim reaffirmed a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their price target for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. UBS Group boosted their price objective 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. Finally, BMO Capital Markets cut their target price on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.

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