Sumitomo Mitsui Trust Holdings Inc. Acquires 5,983 Shares of Alliant Energy Co. (NASDAQ:LNT)

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 634,559 shares of the company’s stock after buying an additional 5,983 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Alliant Energy were worth $32,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LNT. State Street Corp raised its stake in shares of Alliant Energy by 8.1% during the first quarter. State Street Corp now owns 13,692,321 shares of the company’s stock worth $855,496,000 after buying an additional 1,021,148 shares during the last quarter. BlackRock Inc. raised its stake in shares of Alliant Energy by 3.5% during the first quarter. BlackRock Inc. now owns 23,504,005 shares of the company’s stock worth $1,255,114,000 after buying an additional 799,601 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Alliant Energy by 289.7% during the third quarter. Adage Capital Partners GP L.L.C. now owns 976,308 shares of the company’s stock worth $47,302,000 after buying an additional 725,800 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Alliant Energy by 3,199.4% during the third quarter. Assenagon Asset Management S.A. now owns 728,234 shares of the company’s stock worth $35,283,000 after buying an additional 706,162 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Alliant Energy by 38.5% during the fourth quarter. Morgan Stanley now owns 2,505,898 shares of the company’s stock worth $138,351,000 after buying an additional 696,101 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alliant Energy news, CEO Lisa M. Barton bought 1,100 shares of Alliant Energy stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the acquisition, the chief executive officer now owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LNT shares. BMO Capital Markets boosted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Barclays restated an “equal weight” rating and set a $53.00 price objective (up previously from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Finally, Bank of America decreased their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $52.21.

Alliant Energy Stock Up 2.0 %

Alliant Energy stock opened at $49.82 on Friday. The stock has a market capitalization of $12.76 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.26. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of $48.71 and a 200-day moving average of $49.48.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). The company had revenue of $961.00 million during the quarter, compared to analyst estimates of $1.25 billion. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. During the same quarter last year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.06%.

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.