O Shaughnessy Asset Management LLC boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,192 shares of the company's stock after buying an additional 15,073 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Alliant Energy were worth $4,565,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of LNT. Point72 Asset Management L.P. grew its position in shares of Alliant Energy by 92.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock worth $97,363,000 after buying an additional 771,919 shares during the last quarter. Jennison Associates LLC purchased a new position in Alliant Energy in the fourth quarter worth $32,225,000. Retirement Systems of Alabama increased its position in shares of Alliant Energy by 698.3% during the third quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock worth $27,400,000 after purchasing an additional 394,920 shares in the last quarter. National Pension Service purchased a new stake in shares of Alliant Energy during the 4th quarter valued at $22,531,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Alliant Energy in the 4th quarter worth $20,677,000. Institutional investors own 79.90% of the company's stock.
Alliant Energy Price Performance
Shares of LNT stock traded down $3.49 during trading hours on Friday, reaching $61.36. The company had a trading volume of 3,087,928 shares, compared to its average volume of 1,573,343. 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. The company has a market capitalization of $15.75 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.83 and a beta of 0.52. The stock has a fifty day moving average of $62.16 and a 200-day moving average of $60.81.
Alliant Energy (NASDAQ:LNT - Get Free Report) last posted 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. The business had revenue of $976.00 million during the quarter, compared to analysts' expectations of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, equities analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current year.
Alliant Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on LNT shares. Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets boosted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research report on Monday, February 24th. Finally, UBS Group raised their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Alliant Energy presently has a consensus rating of "Hold" and a consensus target price of $63.55.
View Our Latest Analysis 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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