Resona Asset Management Co. Ltd. bought a new stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 88,743 shares of the company's stock, valued at approximately $5,252,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy in the 4th quarter worth $29,000. ORG Partners LLC increased its holdings in Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after acquiring an additional 517 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares during the period. WASHINGTON TRUST Co lifted its position in shares of Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after acquiring an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Alliant Energy in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 79.90% of the company's stock.
Alliant Energy Stock Up 2.2 %
Shares of NASDAQ:LNT traded up $1.32 on Monday, reaching $61.91. The company had a trading volume of 504,786 shares, compared to its average volume of 1,588,250. The firm's 50 day simple moving average is $62.26 and its 200-day simple moving average is $60.81. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $15.90 billion, a PE ratio of 23.01, a PEG ratio of 2.83 and a beta of 0.52.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating 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 return on equity of 11.39% and a net margin of 17.33%. As a group, analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.
Alliant Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders 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 dividend yield of 3.28%. Alliant Energy's payout ratio is currently 75.46%.
Analyst Upgrades and Downgrades
Several analysts have commented on LNT shares. UBS Group boosted their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Guggenheim reissued a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. Finally, BMO Capital Markets boosted their target price 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. Seven investment 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, Alliant Energy currently has an average rating of "Hold" and an average target price of $63.55.
Get 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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