Pendal Group Ltd acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT – Get Rating) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,782 shares of the company's stock, valued at approximately $264,000.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Alliant Energy by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 32,393,261 shares of the company's stock worth $1,716,519,000 after buying an additional 754,571 shares in the last quarter. BlackRock Inc. raised its stake in Alliant Energy by 0.7% in the 3rd quarter. BlackRock Inc. now owns 21,802,802 shares of the company's stock valued at $1,155,329,000 after purchasing an additional 145,886 shares during the last quarter. State Street Corp raised its stake in Alliant Energy by 1.6% in the 3rd quarter. State Street Corp now owns 14,326,513 shares of the company's stock valued at $759,162,000 after purchasing an additional 224,263 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Alliant Energy by 23.5% in the 3rd quarter. Nuveen Asset Management LLC now owns 5,957,092 shares of the company's stock valued at $315,666,000 after purchasing an additional 1,134,995 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Alliant Energy by 2.3% in the 1st quarter. Invesco Ltd. now owns 3,743,215 shares of the company's stock valued at $233,876,000 after purchasing an additional 85,796 shares during the last quarter. 75.89% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
LNT has been the subject of several analyst reports. BMO Capital Markets cut their target price on shares of Alliant Energy from $59.00 to $58.00 and set a "market perform" rating for the company in a research note on Monday, February 27th. Guggenheim raised shares of Alliant Energy from a "sell" rating to a "neutral" rating and boosted their target price for the company from $46.00 to $52.00 in a research note on Tuesday, February 21st. Bank of America downgraded shares of Alliant Energy from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $57.00 to $56.00 in a research note on Wednesday, December 7th. Wells Fargo & Company upped their price objective on shares of Alliant Energy from $57.00 to $63.00 in a research note on Wednesday, December 14th. Finally, Mizuho downgraded shares of Alliant Energy from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $64.00 to $55.00 in a research note on Monday, January 9th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Alliant Energy has a consensus rating of "Hold" and an average price target of $59.50.
Alliant Energy Stock Up 0.2 %
LNT opened at $52.91 on Friday. The firm has a 50 day moving average price of $52.77 and a 200 day moving average price of $53.06. The company has a market cap of $13.29 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 2.91 and a beta of 0.53. Alliant Energy Co. has a 1 year low of $47.19 and a 1 year high of $65.37. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.39 and a current ratio of 0.53.
Alliant Energy (NASDAQ:LNT – Get Rating) last posted its earnings results on Friday, February 24th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.01). The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $875.67 million. Alliant Energy had a return on equity of 11.31% and a net margin of 16.32%. The firm's revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. Sell-side analysts expect that Alliant Energy Co. will post 2.9 earnings per share for the current year.
Alliant Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st were issued a $0.4525 dividend. This represents a $1.81 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date was Monday, January 30th. This is a boost from Alliant Energy's previous quarterly dividend of $0.43. Alliant Energy's dividend payout ratio is currently 66.30%.
Alliant Energy Profile
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Alliant Energy Corp. is a regulated investor-owned public utility holding company, which engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates through following segments: Electric Utility, Gas Utility, Other Utility, and Non-Utility and Other.
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