Columbia River Financial Group LLC acquired a new stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 7,720 shares of the company's stock, valued at approximately $456,000.
Other hedge funds also recently modified their holdings of the company. Park Avenue Securities LLC bought a new position in shares of Alliant Energy in the 4th quarter worth about $257,000. SBI Securities Co. Ltd. bought a new stake in Alliant Energy in the 4th quarter valued at about $29,000. Strategic Financial Concepts LLC bought a new stake in Alliant Energy in the 4th quarter valued at about $213,000. Korea Investment CORP increased its position in Alliant Energy by 62.1% in the 4th quarter. Korea Investment CORP now owns 190,875 shares of the company's stock valued at $11,288,000 after buying an additional 73,101 shares in the last quarter. Finally, Sound Income Strategies LLC increased its position in Alliant Energy by 2,024.4% in the 4th quarter. Sound Income Strategies LLC now owns 4,525 shares of the company's stock valued at $268,000 after buying an additional 4,312 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.
Alliant Energy Stock Performance
Shares of NASDAQ LNT traded up $0.53 during midday trading on Tuesday, reaching $62.25. The company's stock had a trading volume of 1,648,971 shares, compared to its average volume of 1,689,980. Alliant Energy Co. has a 12-month low of $49.05 and a 12-month high of $66.54. The firm has a 50 day moving average price of $61.57 and a 200-day moving average price of $61.08. The stock has a market capitalization of $15.99 billion, a P/E ratio of 23.14, a PEG ratio of 2.83 and a beta of 0.58. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.
Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $0.62 EPS. The company's revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current year.
Alliant Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors 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 annualized dividend and a yield of 3.26%. Alliant Energy's payout ratio is 70.00%.
Analyst Ratings Changes
A number of analysts recently commented on the company. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. UBS Group boosted their target price on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Finally, Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. One research 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's stock. Based on data from MarketBeat.com, Alliant Energy has an average rating of "Hold" and an average target price of $63.95.
Check Out Our Latest Research Report on LNT
Alliant Energy Company Profile
(
Free Report)
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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