Oppenheimer & Co. Inc. Grows Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Oppenheimer & Co. Inc. increased its stake in shares of Alliant Energy Co. (NASDAQ:LNTFree Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,831 shares of the company’s stock after buying an additional 1,534 shares during the period. Oppenheimer & Co. Inc.’s holdings in Alliant Energy were worth $1,479,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. boosted its holdings in Alliant Energy by 4.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,827 shares of the company’s stock worth $1,530,000 after buying an additional 1,347 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Alliant Energy by 10.5% in the fourth quarter. Rafferty Asset Management LLC now owns 28,472 shares of the company’s stock valued at $1,461,000 after purchasing an additional 2,715 shares in the last quarter. KBC Group NV lifted its holdings in shares of Alliant Energy by 60.4% in the fourth quarter. KBC Group NV now owns 18,828 shares of the company’s stock valued at $966,000 after purchasing an additional 7,092 shares in the last quarter. Shepherd Financial Partners LLC purchased a new stake in shares of Alliant Energy in the fourth quarter valued at about $205,000. Finally, Crestline Management LP lifted its holdings in shares of Alliant Energy by 15.3% in the fourth quarter. Crestline Management LP now owns 116,110 shares of the company’s stock valued at $5,956,000 after purchasing an additional 15,384 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $50.15 on Tuesday. Alliant Energy Co. has a 1-year low of $45.15 and a 1-year high of $56.26. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.56 and a quick ratio of 0.40. The firm has a 50 day simple moving average of $50.23 and a 200-day simple moving average of $49.87. The firm has a market cap of $12.86 billion, a PE ratio of 18.24, a P/E/G ratio of 2.67 and a beta of 0.57.

Alliant Energy (NASDAQ:LNTGet Free Report) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.62 EPS 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 analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. Alliant Energy’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts expect that Alliant Energy Co. will post 3.08 EPS for the current year.

Alliant Energy Announces Dividend

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. This represents a $1.92 annualized dividend and a yield of 3.83%. The ex-dividend date of this dividend was Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is 69.82%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on LNT shares. BMO Capital Markets upped their price target 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. Bank of America reduced their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Scotiabank reduced their price target on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. Wells Fargo & Company upped their price target on shares of Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Finally, LADENBURG THALM/SH SH cut their price objective 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.38.

Check Out Our Latest Stock Report on LNT

Alliant Energy Company 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.

Further Reading

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

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