Alliant Energy Corporation (NASDAQ:LNT) Shares Acquired by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 35.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 41,419 shares of the company's stock after buying an additional 10,781 shares during the period. Fifth Third Bancorp's holdings in Alliant Energy were worth $2,665,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Alliant Energy during the 4th quarter worth about $29,000. Larson Financial Group LLC lifted its position in shares of Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after purchasing an additional 291 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in shares of Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares during the period. Optiver Holding B.V. grew its holdings in shares of 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 in the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Alliant Energy by 212.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock worth $65,000 after buying an additional 743 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analysts Forecast Growth

LNT has been the topic of several analyst reports. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets cut their price target on 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. Finally, UBS Group lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $63.95.

Alliant Energy Price Performance

LNT traded down $0.04 during midday trading on Wednesday, reaching $60.05. 522,026 shares of the company's stock were exchanged, compared to its average volume of 1,998,136. Alliant Energy Corporation has a 1-year low of $49.57 and a 1-year high of $66.54. The stock has a market capitalization of $15.43 billion, a PE ratio of 20.71, a P/E/G ratio of 2.85 and a beta of 0.57. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. The business's 50-day moving average price is $61.17 and its 200 day moving average price is $60.99.

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

Alliant Energy Announces Dividend

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. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's payout ratio is currently 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.