Janus Henderson Group PLC Buys 76,987 Shares of Alliant Energy Co. (NASDAQ:LNT)

Janus Henderson Group PLC lifted its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 10,768,159 shares of the company's stock after acquiring an additional 76,987 shares during the period. Janus Henderson Group PLC owned approximately 4.20% of Alliant Energy worth $636,829,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LNT. Park Avenue Securities LLC bought a new position in shares of Alliant Energy during the 4th quarter valued at $257,000. SBI Securities Co. Ltd. bought a new position in shares of Alliant Energy during the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new position in shares of Alliant Energy in the fourth quarter worth about $213,000. Korea Investment CORP increased its holdings in shares of Alliant Energy by 62.1% in the fourth quarter. Korea Investment CORP now owns 190,875 shares of the company's stock worth $11,288,000 after buying an additional 73,101 shares during the period. Finally, Sound Income Strategies LLC lifted its stake in shares of 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 acquiring an additional 4,312 shares during the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $61.78 on Friday. 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 1 year low of $49.05 and a 1 year high of $66.54. The company's 50-day moving average is $61.85 and its 200 day moving average is $60.86. The stock has a market capitalization of $15.87 billion, a P/E ratio of 22.97, a P/E/G ratio of 2.83 and a beta of 0.58.

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, topping the consensus estimate of $0.71 by $0.12. The firm 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 business's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 EPS. On average, sell-side analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Wednesday, April 30th. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group lifted their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. BMO Capital Markets lowered their price target on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their price target for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Finally, Guggenheim reaffirmed a "neutral" rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $63.55.

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.

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