Nomura Holdings Inc. Takes $500,000 Position in Alliant Energy Co. (NASDAQ:LNT)

Nomura Holdings Inc. purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,454 shares of the company's stock, valued at approximately $500,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its holdings in shares of Alliant Energy by 9,113.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock worth $247,640,000 after purchasing an additional 4,141,895 shares during the period. Jennison Associates LLC bought a new stake in shares of Alliant Energy in the fourth quarter valued at $32,225,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Alliant Energy during the 4th quarter valued at $31,201,000. Massachusetts Financial Services Co. MA lifted its position in shares of Alliant Energy by 7.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after buying an additional 499,802 shares during the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Alliant Energy during the 4th quarter worth $24,396,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Down 2.1%

LNT stock opened at $61.86 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $15.89 billion, a PE ratio of 23.00, a PEG ratio of 2.83 and a beta of 0.58. Alliant Energy Co. has a twelve month low of $49.05 and a twelve month high of $66.54. The stock has a 50-day simple moving average of $61.68 and a two-hundred day simple moving average of $60.94.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted 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%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS. On average, equities analysts predict that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's payout ratio is 70.00%.

Analyst Ratings Changes

LNT has been the topic of a number of research reports. UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their price objective for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Guggenheim restated a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Jefferies Financial Group upgraded Alliant Energy from a "hold" rating to a "buy" rating and boosted their price objective for the company from $70.00 to $71.00 in a research note on Tuesday. Finally, StockNews.com upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. 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 MarketBeat.com, Alliant Energy has an average rating of "Hold" and an average target price of $63.95.

About Alliant Energy

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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