Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427,806 shares of the company's stock after purchasing an additional 28,914 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.17% of Alliant Energy worth $24,958,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. RDA Financial Network increased its position in Alliant Energy by 2.4% in the fourth quarter. RDA Financial Network now owns 7,990 shares of the company's stock worth $473,000 after buying an additional 184 shares during the last quarter. Global Retirement Partners LLC raised its stake in Alliant Energy by 8.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock valued at $148,000 after acquiring an additional 191 shares during the period. Savant Capital LLC raised its stake in Alliant Energy by 1.5% in the 4th quarter. Savant Capital LLC now owns 15,937 shares of the company's stock valued at $942,000 after acquiring an additional 237 shares during the period. City State Bank lifted its holdings in Alliant Energy by 0.4% during the fourth quarter. City State Bank now owns 71,547 shares of the company's stock valued at $4,231,000 after purchasing an additional 257 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its position in Alliant Energy by 0.5% during the fourth quarter. United Asset Strategies Inc. now owns 59,752 shares of the company's stock worth $3,534,000 after purchasing an additional 280 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.
Alliant Energy Price Performance
Shares of NASDAQ:LNT traded down $1.08 on Friday, hitting $63.78. The company's stock had a trading volume of 298,421 shares, compared to its average volume of 1,861,266. 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 current ratio of 0.86 and a quick ratio of 0.72. The company has a market capitalization of $16.37 billion, a PE ratio of 23.71, a PEG ratio of 2.83 and a beta of 0.52. The company has a 50-day simple moving average of $62.11 and a 200 day simple moving average of $60.81.
Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results 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%. Sell-side analysts forecast that Alliant Energy Co. will post 3.23 EPS 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. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.5075 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.18%. Alliant Energy's payout ratio is 75.46%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on LNT. BMO Capital Markets upped 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 note on Monday, February 24th. UBS Group raised their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Guggenheim reiterated a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Finally, Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $63.55.
Read Our Latest Report on LNT
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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