UniSuper Management Pty Ltd raised its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,366 shares of the company's stock after purchasing an additional 6,133 shares during the quarter. UniSuper Management Pty Ltd's holdings in Alliant Energy were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the stock. Larson Financial Group LLC boosted its stake in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock valued at $26,000 after buying an additional 425 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $29,000. ORG Partners LLC increased its stake in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after buying an additional 517 shares during the period. WASHINGTON TRUST Co lifted its stake in shares of Alliant Energy by 251.2% during 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 during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Alliant Energy in the fourth quarter worth about $53,000. 79.90% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. UBS Group lifted their price target 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. Guggenheim reissued a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets raised their target price on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $63.55.
Get Our Latest Report on LNT
Alliant Energy Stock Down 1.6 %
Shares of Alliant Energy stock traded down $1.06 on Friday, hitting $63.79. The company had a trading volume of 298,421 shares, compared to its average volume of 1,563,611. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a 50-day moving average of $62.11 and a 200-day moving average of $60.81. The firm has a market capitalization of $16.37 billion, a P/E ratio of 23.71, a P/E/G ratio of 2.83 and a beta of 0.52.
Alliant Energy (NASDAQ:LNT - Get Free Report) last issued 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. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Research analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current year.
Alliant Energy Dividend Announcement
The business also recently announced 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. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's dividend payout ratio is presently 75.46%.
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.
See Also
Before you consider Alliant Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliant Energy wasn't on the list.
While Alliant Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
