Swiss National Bank lessened its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 724,700 shares of the company's stock after selling 34,400 shares during the quarter. Swiss National Bank owned about 0.28% of Alliant Energy worth $42,859,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position 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 buying an additional 425 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Alliant Energy in the 4th quarter worth approximately $29,000. ORG Partners LLC lifted its position 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 buying an additional 517 shares during the last quarter. WASHINGTON TRUST Co lifted its position 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 last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Alliant Energy in the 4th quarter worth approximately $53,000. Institutional investors own 79.90% of the company's stock.
Analysts Set New Price Targets
LNT has been the subject of several recent research reports. Guggenheim reiterated 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 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. Finally, Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $63.25.
Check Out Our Latest Stock Analysis on LNT
Alliant Energy Trading Up 0.1 %
Shares of LNT traded up $0.04 during mid-day trading on Thursday, hitting $63.55. 1,780,793 shares of the company's stock traded hands, compared to its average volume of 1,504,668. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54. The firm 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. The business's 50-day moving average price is $61.08 and its 200-day moving average price is $60.47.
Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The firm had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, sell-side analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.
Alliant Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.19%. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy's dividend payout ratio is presently 75.46%.
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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