Assenagon Asset Management S.A. Acquires 150,663 Shares of Alliant Energy Corporation $LNT

Assenagon Asset Management S.A. grew its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 143.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,377 shares of the company’s stock after acquiring an additional 150,663 shares during the period. Assenagon Asset Management S.A. owned about 0.10% of Alliant Energy worth $16,602,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Measured Wealth Private Client Group LLC purchased a new position in Alliant Energy in the 3rd quarter worth approximately $27,000. Country Trust Bank purchased a new stake in Alliant Energy during the 2nd quarter valued at approximately $30,000. MRP Capital Investments LLC purchased a new stake in Alliant Energy during the 3rd quarter valued at approximately $35,000. Hantz Financial Services Inc. raised its position in shares of Alliant Energy by 256.7% during the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after buying an additional 403 shares during the last quarter. Finally, Capital A Wealth Management LLC raised its position in shares of Alliant Energy by 5,709.1% during the second quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock valued at $39,000 after buying an additional 628 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LNT shares. Royal Bank Of Canada began coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 target price for the company. Mizuho lifted their price target on shares of Alliant Energy from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, March 16th. HSBC raised shares of Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. UBS Group set a $75.00 price objective on Alliant Energy and gave the company a “buy” rating in a research report on Wednesday, December 17th. Finally, Argus reissued a “hold” rating on shares of Alliant Energy in a research note on Friday, January 9th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Moderate Buy” and an average target price of $75.44.

Alliant Energy Price Performance

Alliant Energy stock opened at $70.26 on Friday. Alliant Energy Corporation has a 12-month low of $57.09 and a 12-month high of $73.41. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49. The firm has a 50-day moving average price of $69.54 and a 200-day moving average price of $67.52. The firm has a market capitalization of $18.07 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 2.86 and a beta of 0.66.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Friday, February 20th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $673.11 million. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 EPS. As a group, equities research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were issued a $0.535 dividend. The ex-dividend date was Friday, January 30th. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.94%.

Alliant Energy Company Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.