Assenagon Asset Management S.A. Has $345,000 Stock Position in Alliant Energy Corporation (NASDAQ:LNT)

Assenagon Asset Management S.A. reduced its stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 96.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,362 shares of the company's stock after selling 141,210 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Alliant Energy were worth $345,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Alliant Energy in the fourth quarter valued at about $29,000. Larson Financial Group LLC raised its position in Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares during the last quarter. Optiver Holding B.V. raised its position in Alliant Energy by 382.5% in the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after purchasing an additional 723 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in Alliant Energy by 212.9% in the fourth 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 during the last quarter. Finally, Graney & King LLC bought a new position in Alliant Energy in the fourth quarter valued at about $70,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Down 0.1%

Shares of NASDAQ:LNT opened at $60.01 on Friday. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.83 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 Corporation has a 12-month low of $49.57 and a 12-month high of $66.54. The business's 50 day moving average is $61.16 and its 200 day moving average is $60.97.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The business had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.09 billion. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, sell-side analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid 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 3.38%. Alliant Energy's payout ratio is 70.00%.

Analysts Set New Price Targets

Several equities analysts have commented on LNT shares. BMO Capital Markets dropped their target price 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. UBS Group raised their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their price objective for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Guggenheim restated a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average 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.

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