Northern Trust Corp raised its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 7.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,412,406 shares of the company's stock after acquiring an additional 177,129 shares during the quarter. Northern Trust Corp owned approximately 0.94% of Alliant Energy worth $142,670,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new position in Alliant Energy during the 4th quarter valued at about $257,000. SBI Securities Co. Ltd. acquired a new stake in shares of Alliant Energy during the 4th quarter valued at $29,000. Strategic Financial Concepts LLC acquired a new stake in Alliant Energy during the 4th quarter worth about $213,000. Korea Investment CORP boosted its holdings in shares of Alliant Energy by 62.1% in the fourth quarter. Korea Investment CORP now owns 190,875 shares of the company's stock worth $11,288,000 after buying an additional 73,101 shares during the period. Finally, Sound Income Strategies LLC grew its holdings in shares of Alliant Energy by 2,024.4% during the fourth quarter. Sound Income Strategies LLC now owns 4,525 shares of the company's stock valued at $268,000 after buying an additional 4,312 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.
Alliant Energy Stock Performance
Alliant Energy stock traded down $0.09 during mid-day trading on Thursday, hitting $61.71. 693,434 shares of the company's stock traded hands, compared to its average volume of 1,917,008. Alliant Energy Co. has a fifty-two week low of $49.04 and a fifty-two week high of $66.54. The firm has a 50 day simple moving average of $62.00 and a two-hundred day simple moving average of $60.86. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 2.83 and a beta of 0.58.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, research analysts expect that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.
Alliant Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.29%. Alliant Energy's payout ratio is 75.46%.
Analysts Set New Price Targets
A number of equities research analysts have commented on LNT shares. 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 research report on Tuesday, April 22nd. Guggenheim reissued a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. UBS Group upped their target price on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their target price for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. One equities research 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. According to data from MarketBeat, Alliant Energy has a consensus rating of "Hold" and an average price target of $63.55.
View Our Latest Stock Analysis on Alliant Energy
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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