Public Employees Retirement System of Ohio purchased a new position in Alliant Energy Co. (NASDAQ:LNT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 88,026 shares of the company's stock, valued at approximately $5,206,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy in the fourth quarter worth $29,000. Larson Financial Group LLC raised its holdings in Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after purchasing an additional 291 shares in the last quarter. WASHINGTON TRUST Co raised its holdings in Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after purchasing an additional 628 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in Alliant Energy in the fourth quarter worth $53,000. Finally, Optiver Holding B.V. raised its holdings in Alliant Energy by 382.5% in the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after purchasing an additional 723 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.
Alliant Energy Stock Down 0.4%
Shares of NASDAQ:LNT traded down $0.24 on Monday, hitting $61.99. 329,541 shares of the company traded hands, compared to its average volume of 1,686,123. Alliant Energy Co. has a 52 week low of $49.25 and a 52 week high of $66.54. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a 50 day simple moving average of $61.49 and a 200-day simple moving average of $61.13. The company has a market cap of $15.92 billion, a PE ratio of 23.04, a PEG ratio of 2.83 and a beta of 0.58.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.71 by $0.12. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. During the same period last year, the firm posted $0.62 earnings per share. Alliant Energy's revenue was up 9.4% compared to the same quarter last year. As a group, research analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current year.
Alliant Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.5075 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.27%. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on LNT shares. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their price objective for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. 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. Finally, Guggenheim restated a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $63.95.
Check Out Our Latest Report on LNT
About Alliant Energy
(
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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