Asset Management One Co. Ltd. Grows Stock Position in Alliant Energy Corporation (NASDAQ:LNT)

Asset Management One Co. Ltd. grew its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 168,981 shares of the company's stock after buying an additional 8,133 shares during the quarter. Asset Management One Co. Ltd. owned 0.07% of Alliant Energy worth $10,874,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy during the fourth quarter worth approximately $29,000. Larson Financial Group LLC lifted its stake in Alliant Energy by 67.5% during 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 during the last quarter. Optiver Holding B.V. lifted its stake in Alliant Energy by 382.5% during 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 during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Alliant Energy by 212.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock worth $65,000 after purchasing an additional 743 shares during the last quarter. Finally, Graney & King LLC purchased a new stake in Alliant Energy during the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

NASDAQ LNT traded up $0.03 on Friday, reaching $60.35. The stock had a trading volume of 2,405,886 shares, compared to its average volume of 1,703,303. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. Alliant Energy Corporation has a 12-month low of $50.34 and a 12-month high of $66.54. The business's 50-day moving average price is $61.12 and its 200 day moving average price is $60.94. The stock has a market cap of $15.50 billion, a P/E ratio of 20.81, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The company's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.

Analyst Ratings Changes

LNT has been the subject of several recent analyst reports. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the stock a "buy" rating in a research note on Tuesday, May 20th. BMO Capital Markets decreased their target price on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their target price for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alliant Energy presently has an average rating of "Hold" and a consensus target price of $63.95.

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.