Alliant Energy Corporation (NASDAQ:LNT) Holdings Lifted by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 5.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,981 shares of the company's stock after acquiring an additional 8,133 shares during the quarter. Asset Management One Co. Ltd. owned about 0.07% of Alliant Energy worth $10,874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LNT. SBI Securities Co. Ltd. purchased a new position in Alliant Energy in the 4th quarter valued at about $29,000. Larson Financial Group LLC grew its stake in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares in the last quarter. Optiver Holding B.V. increased its holdings in Alliant Energy by 382.5% during the 4th 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. raised its position in shares of Alliant Energy by 212.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock valued at $65,000 after purchasing an additional 743 shares in the last quarter. Finally, Graney & King LLC acquired a new position in shares of Alliant Energy in the 4th quarter valued at approximately $70,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Alliant Energy stock traded up $0.12 during mid-day trading on Monday, hitting $60.47. The company's stock had a trading volume of 2,615,739 shares, compared to its average volume of 1,707,706. Alliant Energy Corporation has a twelve month low of $50.53 and a twelve month high of $66.54. The stock's fifty day moving average price is $61.14 and its two-hundred day moving average price is $60.95. The stock has a market capitalization of $15.53 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.85 and a beta of 0.57. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm earned $0.62 earnings per share. Alliant Energy's revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LNT shares. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. BMO Capital Markets dropped their target price on shares of 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. Barclays cut shares of 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 report on Tuesday, April 22nd. UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. One equities research 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. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $63.95.

Alliant Energy 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.