Ilmarinen Mutual Pension Insurance Co acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 34,000 shares of the company's stock, valued at approximately $2,011,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LNT. Vanguard Group Inc. increased its position in shares of Alliant Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock worth $1,931,732,000 after acquiring an additional 226,275 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Alliant Energy by 7.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after buying an additional 499,802 shares during the period. Geode Capital Management LLC increased its holdings in Alliant Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock worth $395,017,000 after buying an additional 102,601 shares during the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Alliant Energy by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company's stock worth $241,094,000 after purchasing an additional 72,748 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Alliant Energy by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock valued at $133,237,000 after buying an additional 36,438 shares during the period. 79.90% of the stock is owned by institutional investors.
Alliant Energy Price Performance
LNT traded up $0.42 during midday trading on Friday, hitting $60.63. The stock had a trading volume of 342,554 shares, compared to its average volume of 1,589,505. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The business has a fifty day moving average of $62.23 and a 200 day moving average of $60.80. The company has a market cap of $15.57 billion, a P/E ratio of 22.51, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52.
Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share (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 analysts' expectations 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 analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.
Alliant Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio is presently 75.46%.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. UBS Group raised their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets boosted their target price on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research report on Monday, February 24th. Finally, Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price target for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $63.55.
Read Our Latest Research Report on Alliant Energy
About Alliant Energy
(
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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