JPMorgan Chase & Co. lowered its stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 85.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 406,471 shares of the company's stock after selling 2,367,387 shares during the period. JPMorgan Chase & Co. owned approximately 0.16% of Alliant Energy worth $24,039,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $29,000. ORG Partners LLC grew its position in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after purchasing an additional 517 shares in the last quarter. Larson Financial Group LLC raised its stake in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares during the period. WASHINGTON TRUST Co lifted its holdings in shares of Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy in the fourth quarter worth $53,000. Institutional investors and hedge funds own 79.90% of the company's stock.
Alliant Energy Stock Up 0.9 %
NASDAQ LNT traded up $0.54 during trading on Tuesday, reaching $62.35. The company's stock had a trading volume of 302,693 shares, compared to its average volume of 1,588,542. 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 stock has a market capitalization of $16.02 billion, a PE ratio of 23.17, a PEG ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 1-year low of $47.23 and a 1-year high of $66.54. The business has a 50-day moving average price of $62.30 and a 200-day moving average price of $60.82.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released 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. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, research 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's payout ratio is 75.46%.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the company. UBS Group upped their price target on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Guggenheim reiterated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Finally, BMO Capital Markets raised their price target 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. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $63.55.
Read Our Latest Stock Report on Alliant Energy
Alliant Energy Company 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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