Alliant Energy Co. (NASDAQ:LNT) Shares Bought by Royal Bank of Canada

Royal Bank of Canada grew its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 484,405 shares of the company's stock after purchasing an additional 33,496 shares during the period. Royal Bank of Canada owned approximately 0.19% of Alliant Energy worth $28,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of LNT. SBI Securities Co. Ltd. acquired a new position in Alliant Energy during the fourth quarter worth $29,000. Larson Financial Group LLC lifted its stake in 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 lifted its stake in Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after purchasing an additional 628 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in Alliant Energy during the 4th quarter worth about $53,000. Finally, Optiver Holding B.V. increased its holdings in Alliant Energy by 382.5% during the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after purchasing an additional 723 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LNT shares. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their price target for the stock from $59.00 to $61.00 in a 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. BMO Capital Markets cut their price target on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Guggenheim restated a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Finally, Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. One equities 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $63.95.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded down $0.98 during trading hours on Wednesday, reaching $61.27. The stock had a trading volume of 572,864 shares, compared to its average volume of 1,686,463. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.83 and a beta of 0.58. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a fifty-two week low of $49.05 and a fifty-two week high of $66.54. The firm has a 50-day moving average of $61.54 and a 200-day moving average of $61.09.

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

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.

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.