Raymond James Financial Inc. acquired a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 349,620 shares of the company's stock, valued at approximately $20,677,000. Raymond James Financial Inc. owned about 0.14% of Alliant Energy as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Natixis Advisors LLC grew its position in shares of Alliant Energy by 14.7% during the 3rd quarter. Natixis Advisors LLC now owns 196,318 shares of the company's stock worth $11,915,000 after buying an additional 25,161 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Alliant Energy during the 3rd quarter worth $4,742,000. Charles Schwab Investment Management Inc. grew its position in shares of Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock worth $134,518,000 after buying an additional 14,225 shares in the last quarter. Park Avenue Securities LLC bought a new position in shares of Alliant Energy during the 4th quarter worth $257,000. Finally, Daiwa Securities Group Inc. grew its position in shares of Alliant Energy by 22.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company's stock worth $3,253,000 after buying an additional 9,780 shares in the last quarter. Institutional investors own 79.90% of the company's stock.
Alliant Energy Stock Up 0.1 %
Alliant Energy stock traded up $0.04 during midday trading on Thursday, reaching $63.55. The company's stock had a trading volume of 1,780,785 shares, compared to its average volume of 1,504,668. The stock's 50-day simple moving average is $61.08 and its 200-day simple moving average is $60.47. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The stock has a market capitalization of $16.31 billion, a P/E ratio of 23.62, a PEG 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 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.14 billion. On average, sell-side analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.
Alliant Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were paid a $0.5075 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.19%. Alliant Energy's dividend payout ratio (DPR) is 75.46%.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on LNT shares. Guggenheim reissued a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price target for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets raised their price objective on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $63.25.
View Our Latest Research Report on Alliant Energy
Alliant Energy Company 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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