Mitsubishi UFJ Trust & Banking Corp lessened its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 89.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 210,789 shares of the company's stock after selling 1,778,169 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of Alliant Energy worth $12,467,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of LNT. Larson Financial Group LLC increased its holdings in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after acquiring an additional 425 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the 4th quarter valued at $29,000. ORG Partners LLC lifted its stake in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after buying an additional 517 shares in the last quarter. WASHINGTON TRUST Co boosted its holdings in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in Alliant Energy in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 79.90% of the company's stock.
Alliant Energy Trading Up 0.9 %
NASDAQ LNT traded up $0.58 during trading hours on Thursday, hitting $65.07. 293,985 shares of the company were exchanged, compared to its average volume of 1,561,196. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week high of $66.54. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a 50-day moving average price of $61.98 and a 200 day moving average price of $60.78. The stock has a market cap of $16.70 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share 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 company had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.
Alliant Energy Dividend Announcement
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 3.12%. Alliant Energy's payout ratio is currently 75.46%.
Analyst Ratings Changes
LNT has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective 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. Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. UBS Group upped their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Guggenheim reaffirmed a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $63.55.
View Our Latest Analysis 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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