Keybank National Association OH Buys New Stake in Alliant Energy Co. (NASDAQ:LNT)

Keybank National Association OH purchased a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,553 shares of the company's stock, valued at approximately $388,000.

Other institutional investors also recently bought and sold shares of the company. Bahl & Gaynor Inc. boosted its stake in Alliant Energy by 13.7% during the 4th quarter. Bahl & Gaynor Inc. now owns 402,805 shares of the company's stock worth $23,822,000 after purchasing an additional 48,641 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Alliant Energy by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company's stock worth $133,237,000 after acquiring an additional 36,438 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy during the 4th quarter valued at about $29,000. Jones Financial Companies Lllp raised its holdings in Alliant Energy by 26.1% in the 4th quarter. Jones Financial Companies Lllp now owns 67,082 shares of the company's stock valued at $3,967,000 after acquiring an additional 13,871 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Alliant Energy by 19.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,185 shares of the company's stock worth $189,000 after purchasing an additional 513 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Up 1.2 %

Shares of LNT stock traded up $0.72 during trading hours on Friday, hitting $62.95. The company had a trading volume of 1,888,818 shares, compared to its average volume of 1,512,078. 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 capitalization of $16.16 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The company's fifty day moving average is $60.64 and its 200 day moving average is $60.30. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two week high of $66.54.

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

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.5075 dividend. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.

Analysts Set New Price Targets

LNT has been the subject of a number of analyst reports. Guggenheim restated a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets raised their target price on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th. Finally, Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.