9,773 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by ING Groep NV

ING Groep NV bought a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,773 shares of the company's stock, valued at approximately $578,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Alliant Energy during the 3rd quarter valued at approximately $21,400,000. Assenagon Asset Management S.A. increased its stake in Alliant Energy by 71.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 6,956 shares of the company's stock valued at $422,000 after purchasing an additional 2,894 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Alliant Energy by 39.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,755 shares of the company's stock worth $1,139,000 after purchasing an additional 5,284 shares during the last quarter. Forsta AP Fonden boosted its position in Alliant Energy by 3.8% during the third quarter. Forsta AP Fonden now owns 70,600 shares of the company's stock worth $4,285,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Alliant Energy by 1.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 49,155 shares of the company's stock valued at $2,983,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Trading Up 1.1 %

LNT traded up $0.68 during trading on Friday, hitting $64.53. The company's stock had a trading volume of 1,921,832 shares, compared to its average volume of 1,736,850. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.76. The firm's 50 day moving average price is $59.83 and its 200-day moving average price is $59.88. 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 $16.56 billion, a PE ratio of 23.99, a PEG ratio of 2.83 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.14 billion. On average, analysts expect 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 issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.15%. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy's payout ratio is presently 75.46%.

Analyst Ratings Changes

Several research firms have recently issued reports on LNT. Barclays cut their price target on Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. Scotiabank downgraded shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets increased their price target on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Monday. 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. Finally, Guggenheim reiterated a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $63.25.

Alliant Energy Company 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.