APG Asset Management N.V. Invests $7.98 Million in Alliant Energy Co. (NASDAQ:LNT)

APG Asset Management N.V. purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 139,700 shares of the company's stock, valued at approximately $7,979,000. APG Asset Management N.V. owned about 0.05% of Alliant Energy at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of LNT. RDA Financial Network increased its stake in shares of 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 acquiring an additional 184 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Alliant Energy by 8.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock valued at $148,000 after acquiring an additional 191 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Alliant Energy by 1.5% in the 4th quarter. Savant Capital LLC now owns 15,937 shares of the company's stock worth $942,000 after buying an additional 237 shares during the last quarter. City State Bank increased its holdings in Alliant Energy by 0.4% in the 4th quarter. City State Bank now owns 71,547 shares of the company's stock worth $4,231,000 after acquiring an additional 257 shares during the last quarter. Finally, United Asset Strategies Inc. raised its holdings in Alliant Energy by 0.5% during the 4th quarter. United Asset Strategies Inc. now owns 59,752 shares of the company's stock valued at $3,534,000 after acquiring an additional 280 shares during the period. Institutional investors own 79.90% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Guggenheim reissued a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. BMO Capital Markets raised their price target on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a research note on Monday, February 24th. Finally, UBS Group lifted their price target on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Alliant Energy has an average rating of "Hold" and a consensus price target of $63.55.

Alliant Energy Price Performance

NASDAQ:LNT traded down $0.20 during trading hours on Wednesday, hitting $61.40. The company's stock had a trading volume of 423,005 shares, compared to its average volume of 1,587,958. The business's 50-day moving average is $62.34 and its two-hundred day moving average is $60.82. The company has a market capitalization of $15.77 billion, a PE ratio of 22.83, a PEG 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. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. The company had revenue of $976.00 million for the quarter, compared to the consensus estimate 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 anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.5075 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.31%. Alliant Energy's payout ratio is currently 75.46%.

About Alliant Energy

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.