US Bancorp DE Has $7.06 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

US Bancorp DE lessened its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,388 shares of the company's stock after selling 5,050 shares during the quarter. US Bancorp DE's holdings in Alliant Energy were worth $7,061,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC raised its position in Alliant Energy by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company's stock valued at $648,847,000 after buying an additional 65,110 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Alliant Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company's stock worth $398,880,000 after purchasing an additional 92,525 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock worth $395,260,000 after purchasing an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 purchasing an additional 14,225 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Alliant Energy by 92.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock worth $97,363,000 after purchasing an additional 771,919 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

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Analyst Ratings Changes

Several research firms have weighed in on LNT. Guggenheim reaffirmed a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets boosted their price target on 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, Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their target price for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Alliant Energy presently has an average rating of "Hold" and an average price target of $63.25.

Alliant Energy Stock Performance

LNT traded up $0.29 during trading on Friday, hitting $62.49. The stock had a trading volume of 3,130,567 shares, compared to its average volume of 1,830,038. The company has a 50 day moving average price of $60.30 and a 200-day moving average price of $60.14. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a one year low of $47.23 and a one year 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.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, research analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.25%. This is an increase 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%.

Alliant Energy Company Profile

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.