State of Alaska Department of Revenue Grows Position in Alliant Energy Corporation (NASDAQ:LNT)

State of Alaska Department of Revenue grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,063 shares of the company’s stock after buying an additional 800 shares during the period. State of Alaska Department of Revenue’s holdings in Alliant Energy were worth $1,934,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the fourth quarter valued at about $29,000. Larson Financial Group LLC increased its position in shares of Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after buying an additional 291 shares during the period. Optiver Holding B.V. increased its position in shares of Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after buying an additional 723 shares during the period. TD Waterhouse Canada Inc. increased its position in shares of Alliant Energy by 212.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company’s stock valued at $65,000 after buying an additional 743 shares during the period. Finally, Graney & King LLC bought a new stake in shares of Alliant Energy during the fourth quarter valued at about $70,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $61.34 on Tuesday. The firm has a market cap of $15.76 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. Alliant Energy Corporation has a fifty-two week low of $50.01 and a fifty-two week high of $66.54. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. The business has a 50 day moving average price of $61.15 and a 200-day moving average price of $60.95.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $0.62 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. Equities research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a $0.5075 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.31%. Alliant Energy’s dividend payout ratio (DPR) is 70.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BMO Capital Markets decreased their price target on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. Barclays cut shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the stock a “buy” rating in a research report on Tuesday, May 20th. Finally, Guggenheim restated a “neutral” rating and issued a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $63.95.

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.