Alliant Energy Co. (NASDAQ:LNT) Shares Purchased by Fifth Third Bancorp

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

Several other hedge funds and other institutional investors also recently modified their holdings of LNT. Vanguard Group Inc. boosted its stake in Alliant Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock worth $1,931,732,000 after acquiring an additional 226,275 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Alliant Energy by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company's stock worth $636,829,000 after acquiring an additional 76,987 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Alliant Energy by 7.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after purchasing an additional 499,802 shares during the last quarter. Geode Capital Management LLC lifted its position in Alliant Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock valued at $395,017,000 after purchasing an additional 102,601 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its position in Alliant Energy by 9,113.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock valued at $247,640,000 after purchasing an additional 4,141,895 shares during the period. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Down 0.0%

LNT stock traded down $0.03 during mid-day trading on Monday, reaching $61.05. The company had a trading volume of 215,978 shares, compared to its average volume of 1,704,730. The firm has a 50 day moving average of $61.14 and a 200 day moving average of $61.01. 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 Co. has a 12 month low of $49.40 and a 12 month high of $66.54. The company has a market capitalization of $15.68 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Alliant Energy's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. On average, equities analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were given a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Wednesday, April 30th. Alliant Energy's payout ratio is currently 70.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LNT shares. UBS Group increased their price target on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Guggenheim reiterated a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Finally, Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their price objective for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. One 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $63.95.

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.