Adage Capital Partners GP L.L.C. bought a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 239,708 shares of the company's stock, valued at approximately $14,176,000. Adage Capital Partners GP L.L.C. owned approximately 0.09% of Alliant Energy as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. RDA Financial Network boosted its position in Alliant Energy by 2.4% in the 4th quarter. RDA Financial Network now owns 7,990 shares of the company's stock valued at $473,000 after buying an additional 184 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Alliant Energy by 8.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock valued at $148,000 after purchasing an additional 191 shares during the last quarter. Savant Capital LLC boosted its holdings in Alliant Energy by 1.5% in the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company's stock valued at $942,000 after purchasing an additional 237 shares during the last quarter. City State Bank grew its stake in Alliant Energy by 0.4% during the 4th quarter. City State Bank now owns 71,547 shares of the company's stock valued at $4,231,000 after purchasing an additional 257 shares in the last quarter. Finally, Accredited Investors Inc. increased its holdings in Alliant Energy by 7.6% during the 4th quarter. Accredited Investors Inc. now owns 3,691 shares of the company's stock worth $218,000 after purchasing an additional 262 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.
Alliant Energy Stock Performance
Shares of Alliant Energy stock traded down $0.49 on Thursday, reaching $60.55. 1,562,489 shares of the company were exchanged, compared to its average volume of 1,606,355. Alliant Energy Co. has a 1-year low of $49.05 and a 1-year high of $66.54. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 2.83 and a beta of 0.52. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The company's 50-day moving average is $62.29 and its two-hundred day moving average is $60.88.
Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $976.00 million for the quarter, compared to analysts' expectations of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, research analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.
Alliant Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.5075 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.35%. Alliant Energy's dividend payout ratio is presently 75.46%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. BMO Capital Markets dropped their target price on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research report on Tuesday, April 22nd. Guggenheim reaffirmed a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Finally, Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their price objective for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $63.55.
Read Our Latest 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.
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