Mercer Global Advisors Inc. ADV purchased a new position in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,664 shares of the company's stock, valued at approximately $1,399,000.
Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Alliant Energy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock valued at $1,931,732,000 after buying an additional 226,275 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Alliant Energy by 7.7% in 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 acquiring an additional 499,802 shares in the last quarter. Geode Capital Management LLC increased its holdings in Alliant Energy by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock worth $395,017,000 after buying an additional 102,601 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Alliant Energy by 9,113.1% in the fourth 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 last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of Alliant Energy by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company's stock worth $241,094,000 after buying an additional 72,748 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.
Alliant Energy Price Performance
NASDAQ LNT traded down $0.61 during mid-day trading on Wednesday, hitting $59.85. The stock had a trading volume of 1,020,400 shares, compared to its average volume of 1,648,101. Alliant Energy Co. has a twelve month low of $49.05 and a twelve month high of $66.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm's 50 day moving average is $61.74 and its 200 day moving average is $60.84. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.83 and a beta of 0.58.
Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business's revenue was up 9.4% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. Equities research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.
Alliant Energy Dividend Announcement
The business also recently declared 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. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.39%. Alliant Energy's dividend payout ratio is presently 70.00%.
Analysts Set New Price Targets
LNT has been the subject of a number of analyst reports. Guggenheim reissued a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. BMO Capital Markets reduced their price target on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock 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 target price for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, UBS Group increased their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.55.
Get Our Latest Stock Analysis on Alliant Energy
About Alliant Energy
(
Free Report)
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.
Further Reading
Before you consider Alliant Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliant Energy wasn't on the list.
While Alliant Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
