12,111 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,111 shares of the company's stock, valued at approximately $716,000.

Several other hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC increased its holdings in Alliant Energy by 7,083.3% during the third 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. JNBA Financial Advisors acquired a new position in shares of Alliant Energy during the 3rd quarter worth about $31,000. ORG Partners LLC raised its holdings 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 purchasing an additional 517 shares during the period. WASHINGTON TRUST Co lifted its stake in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Alliant Energy during the fourth quarter worth about $53,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

NASDAQ:LNT traded down $1.09 during mid-day trading on Tuesday, reaching $64.95. 983,613 shares of the company's stock were exchanged, compared to its average volume of 1,729,252. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market capitalization of $16.67 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60. Alliant Energy Co. has a one year low of $47.23 and a one year high of $66.54. The business's fifty day simple moving average is $60.08 and its two-hundred day simple moving average is $60.05.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly 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 company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. Analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.13%. 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 (DPR) is 75.46%.

Wall Street Analysts Forecast Growth

LNT has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Alliant Energy from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Guggenheim restated a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Barclays decreased their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Finally, BMO Capital Markets increased their price objective on shares of 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 given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $63.25.

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.