Assenagon Asset Management S.A. Reduces Stock Position in Alliant Energy Corporation (NASDAQ:LNT)

Assenagon Asset Management S.A. lowered its holdings in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 96.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,362 shares of the company's stock after selling 141,210 shares during the period. Assenagon Asset Management S.A.'s holdings in Alliant Energy were worth $345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Global Retirement Partners LLC raised its position in shares of Alliant Energy by 8.2% in the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock valued at $148,000 after purchasing an additional 191 shares during the period. Utah Retirement Systems grew its stake in Alliant Energy by 0.5% during the fourth quarter. Utah Retirement Systems now owns 42,394 shares of the company's stock valued at $2,507,000 after acquiring an additional 200 shares in the last quarter. Moss Adams Wealth Advisors LLC grew its stake in Alliant Energy by 5.9% during the first quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock valued at $234,000 after acquiring an additional 201 shares in the last quarter. Integrated Wealth Concepts LLC grew its stake in Alliant Energy by 5.0% during the fourth quarter. Integrated Wealth Concepts LLC now owns 4,428 shares of the company's stock valued at $262,000 after acquiring an additional 211 shares in the last quarter. Finally, RDA Financial Network grew its stake in Alliant Energy by 2.9% during the first quarter. RDA Financial Network now owns 8,224 shares of the company's stock valued at $529,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

LNT has been the subject of several recent analyst reports. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their price objective for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Guggenheim reaffirmed a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. UBS Group boosted their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets reduced their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $63.95.

Alliant Energy Price Performance

LNT stock traded up $0.80 during midday trading on Monday, reaching $61.34. The company had a trading volume of 1,596,899 shares, compared to its average volume of 1,702,141. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. Alliant Energy Corporation has a 1 year low of $50.01 and a 1 year high of $66.54. The company has a market capitalization of $15.76 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.86 and a beta of 0.57. The firm has a 50-day moving average price of $61.15 and a 200-day moving average price of $60.95.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The company 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 company earned $0.62 EPS. The firm's revenue was up 9.4% on a year-over-year basis. On average, research analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.5075 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.31%. Alliant Energy's dividend payout ratio (DPR) is 70.00%.

Alliant Energy Company 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.