1832 Asset Management L.P. Grows Stake in Alliant Energy Co. (NASDAQ:LNT)

1832 Asset Management L.P. grew its position in Alliant Energy Co. (NASDAQ:LNTFree Report) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,963 shares of the company’s stock after purchasing an additional 331 shares during the quarter. 1832 Asset Management L.P.’s holdings in Alliant Energy were worth $1,742,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its holdings in shares of Alliant Energy by 5.8% during the fourth quarter. Victory Capital Management Inc. now owns 9,194,528 shares of the company’s stock valued at $471,679,000 after buying an additional 505,101 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Alliant Energy by 68.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock valued at $246,382,000 after buying an additional 1,948,485 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Alliant Energy by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,122,637 shares of the company’s stock valued at $108,891,000 after buying an additional 67,548 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in Alliant Energy by 4.0% during the third quarter. Johnson Investment Counsel Inc. now owns 1,343,631 shares of the company’s stock valued at $65,099,000 after purchasing an additional 52,184 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its position in 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 valued at $47,302,000 after purchasing an additional 725,800 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Down 0.8 %

Shares of Alliant Energy stock opened at $50.13 on Monday. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. The firm has a 50-day simple moving average of $50.22 and a two-hundred day simple moving average of $49.86. The company has a market cap of $12.85 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.67 and a beta of 0.57.

Alliant Energy (NASDAQ:LNTGet Free Report) last released its quarterly earnings results on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $0.65 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. As a group, equities analysts predict that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.48 per share. The ex-dividend date was Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.83%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Analyst Ratings Changes

A number of research analysts recently issued reports on LNT shares. BMO Capital Markets boosted their target price on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. LADENBURG THALM/SH SH decreased their target price on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Bank of America decreased their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Wells Fargo & Company boosted their target price on shares of Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Finally, Scotiabank decreased their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy has a consensus rating of “Hold” and a consensus target price of $51.38.

Get Our Latest Analysis on LNT

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.

See Also

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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