Citigroup Inc. Has $17.84 Million Holdings in Alliant Energy Corporation (NASDAQ:LNT)

Citigroup Inc. increased its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 54.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277,174 shares of the company's stock after buying an additional 97,257 shares during the quarter. Citigroup Inc. owned 0.11% of Alliant Energy worth $17,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Alliant Energy by 8.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 464,668 shares of the company's stock valued at $29,901,000 after acquiring an additional 36,862 shares during the last quarter. Altfest L J & Co. Inc. lifted its holdings in Alliant Energy by 23.2% in the first quarter. Altfest L J & Co. Inc. now owns 12,466 shares of the company's stock valued at $802,000 after acquiring an additional 2,346 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Alliant Energy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company's stock worth $146,113,000 after buying an additional 17,681 shares during the period. Vanguard Group Inc. raised its stake in shares of Alliant Energy by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company's stock worth $2,112,110,000 after buying an additional 158,507 shares during the period. Finally, Wealthspire Advisors LLC increased its position in shares of Alliant Energy by 12.4% during the first quarter. Wealthspire Advisors LLC now owns 9,993 shares of the company's stock worth $643,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LNT shares. BMO Capital Markets reaffirmed a "market perform" rating and issued a $68.00 target price (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Bank of America increased their price target on Alliant Energy from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their price target for the stock from $59.00 to $61.00 in a research report 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, Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Alliant Energy presently has a consensus rating of "Hold" and a consensus target price of $65.50.

Alliant Energy Stock Down 0.2%

Shares of Alliant Energy stock traded down $0.10 during midday trading on Friday, hitting $64.62. The company's stock had a trading volume of 3,185,516 shares, compared to its average volume of 1,895,437. The firm has a market capitalization of $16.61 billion, a P/E ratio of 19.94, a PEG ratio of 3.05 and a beta of 0.53. The stock has a 50-day simple moving average of $62.87 and a 200-day simple moving average of $62.09. The company has a quick ratio of 0.24, a current ratio of 0.57 and a debt-to-equity ratio of 1.35. Alliant Energy Corporation has a 1-year low of $56.08 and a 1-year high of $66.76.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%. The business had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. During the same period in the previous year, the company posted $0.57 earnings per share. The firm's revenue for the quarter was up 7.5% on a year-over-year basis. As a group, sell-side analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Thursday, July 31st were given a dividend of $0.5075 per share. The ex-dividend date was Thursday, July 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.1%. Alliant Energy's payout ratio is presently 62.65%.

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.