New Age Alpha Advisors LLC grew its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 7,507.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,377 shares of the company's stock after purchasing an additional 21,096 shares during the period. New Age Alpha Advisors LLC's holdings in Alliant Energy were worth $1,264,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the company. RDA Financial Network raised its position in shares of Alliant Energy by 2.4% during the 4th quarter. RDA Financial Network now owns 7,990 shares of the company's stock valued at $473,000 after buying an additional 184 shares in the last quarter. Global Retirement Partners LLC raised its position in Alliant Energy by 8.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock valued at $148,000 after purchasing an additional 191 shares during the period. Savant Capital LLC lifted its stake in shares of 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 purchasing an additional 237 shares during the last quarter. City State Bank boosted its holdings in shares of Alliant Energy by 0.4% in the 4th quarter. City State Bank now owns 71,547 shares of the company's stock worth $4,231,000 after purchasing an additional 257 shares during the period. Finally, United Asset Strategies Inc. increased its position in shares of Alliant Energy by 0.5% during the 4th quarter. United Asset Strategies Inc. now owns 59,752 shares of the company's stock valued at $3,534,000 after purchasing an additional 280 shares during the last quarter. 79.90% of the stock is owned by institutional investors.
Alliant Energy Stock Down 5.4 %
LNT traded down $3.49 on Friday, hitting $61.36. The company had a trading volume of 3,087,928 shares, compared to its average volume of 1,573,343. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 22.81, a P/E/G ratio of 2.83 and a beta of 0.52. The stock has a fifty day moving average price of $62.16 and a 200-day moving average price of $60.81. Alliant Energy Co. has a 12-month low of $47.23 and a 12-month high of $66.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.
Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm 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%. Analysts predict that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.
Alliant Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.5075 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.31%. Alliant Energy's dividend payout ratio (DPR) is 75.46%.
Analyst Ratings Changes
Several research analysts have commented on the stock. BMO Capital Markets lifted their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th. Guggenheim reaffirmed a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. UBS Group increased their price objective 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, Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Alliant Energy has an average rating of "Hold" and a consensus target price of $63.55.
Check Out Our Latest Report on Alliant Energy
Alliant Energy 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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