Alliant Energy Co. (NASDAQ:LNT) Shares Acquired by Centiva Capital LP

Centiva Capital LP raised its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 206.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,598 shares of the company's stock after purchasing an additional 29,365 shares during the period. Centiva Capital LP's holdings in Alliant Energy were worth $2,578,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy during the fourth quarter valued at $29,000. ORG Partners LLC boosted its stake in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after purchasing an additional 517 shares during the period. Larson Financial Group LLC grew its position in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after purchasing an additional 291 shares during the last quarter. WASHINGTON TRUST Co increased its stake in shares of Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at approximately $53,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $61.11 on Wednesday. The firm has a 50-day moving average of $62.06 and a two-hundred day moving average of $60.86. The company has a market capitalization of $15.70 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.83 and a beta of 0.58. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a twelve month low of $49.05 and a twelve month high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The firm had revenue of $976.00 million during the quarter, compared to analysts' expectations of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. As a group, analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced 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. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.

Wall Street Analyst Weigh In

LNT has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their price target for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Guggenheim restated a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Finally, UBS Group increased their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.55.

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.

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