B. Metzler seel. Sohn & Co. AG Has $4.27 Million Stock Holdings in Alliant Energy Corporation $LNT

Key Points

• B. Metzler seel. Sohn & Co. AG raised its stake in Alliant Energy by 46.5%, acquiring 20,860 shares to hold 65,739 shares worth about $4.27 million, while other institutions also added positions and institutional ownership stands around 79.9%.
• Alliant Energy beat Q4 estimates with EPS of $0.60 (vs. $0.58) and revenue of $1.06 billion (up 9% year-over-year); the company has a market cap near $18.7 billion and a P/E of 22.96.
• The company declared a quarterly dividend of $0.535 (annualized $2.14) for a roughly 3.0% yield, ex-dividend April 30 (payable May 15), and analysts hold a consensus Moderate Buy rating with an average target of $76.44.

B. Metzler seel. Sohn & Co. AG grew its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 46.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,739 shares of the company's stock after buying an additional 20,860 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Alliant Energy were worth $4,274,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC lifted its position in Alliant Energy by 10.3% in the 4th quarter. HB Wealth Management LLC now owns 9,803 shares of the company's stock valued at $637,000 after acquiring an additional 917 shares in the last quarter. United Asset Strategies Inc. lifted its position in Alliant Energy by 2.3% in the 4th quarter. United Asset Strategies Inc. now owns 78,449 shares of the company's stock valued at $5,100,000 after acquiring an additional 1,777 shares in the last quarter. Kingswood Wealth Advisors LLC bought a new stake in Alliant Energy in the 4th quarter valued at $213,000. FORM Wealth Advisors LLC bought a new stake in Alliant Energy in the 4th quarter valued at $320,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in Alliant Energy by 70.0% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 10,201 shares of the company's stock valued at $663,000 after acquiring an additional 4,201 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $72.31 on Friday. The company has a 50 day moving average of $71.67 and a 200-day moving average of $68.55. Alliant Energy Corporation has a 1-year low of $58.97 and a 1-year high of $74.40. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49. The company has a market cap of $18.68 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.97 and a beta of 0.61.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings data on Friday, February 20th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $673.11 million. During the same quarter in the prior year, the firm earned $0.70 EPS. The firm's revenue was up 9.0% compared to the same quarter last year. As a group, equities research analysts forecast that Alliant Energy Corporation will post 3.43 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, April 30th. Alliant Energy's dividend payout ratio (DPR) is 67.94%.

Wall Street Analyst Weigh In

Several research firms recently commented on LNT. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Alliant Energy in a research report on Monday, December 29th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $79.00 price objective (up from $78.00) on shares of Alliant Energy in a research report on Friday, April 17th. HSBC raised shares of Alliant Energy from a "hold" rating to a "buy" rating in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Alliant Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday. Finally, Royal Bank Of Canada began coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They set an "outperform" rating and a $82.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.44.

Alliant Energy Company Profile

Alliant Energy Corporation NASDAQ: LNT is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy's core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.

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