Everence Capital Management Inc. Has $1.30 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Everence Capital Management Inc. lifted its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 239.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,260 shares of the company's stock after buying an additional 17,810 shares during the quarter. Everence Capital Management Inc.'s holdings in Alliant Energy were worth $1,296,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Great West Life Assurance Co. Can raised its stake in Alliant Energy by 3.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 117,612 shares of the company's stock valued at $7,714,000 after purchasing an additional 3,451 shares during the last quarter. Prudential PLC acquired a new position in Alliant Energy in the 1st quarter valued at about $427,000. National Pension Service raised its stake in Alliant Energy by 11,488.8% in the 1st quarter. National Pension Service now owns 371,883 shares of the company's stock valued at $23,235,000 after purchasing an additional 368,674 shares during the last quarter. Vanguard Group Inc. raised its stake in Alliant Energy by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company's stock valued at $1,938,766,000 after purchasing an additional 342,340 shares during the last quarter. Finally, Covestor Ltd raised its stake in Alliant Energy by 67.2% in the 1st quarter. Covestor Ltd now owns 1,988 shares of the company's stock valued at $124,000 after purchasing an additional 799 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Insiders Place Their Bets

In related news, CEO Lisa M. Barton bought 1,100 shares of the company's stock in a transaction on Tuesday, February 20th. The shares were purchased at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the transaction, the chief executive officer now directly owns 36,444 shares of the company's stock, valued at $1,769,720.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LNT has been the subject of a number of research analyst reports. Bank of America dropped their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a "buy" rating for the company in a research note on Thursday, April 11th. Barclays reaffirmed an "equal weight" rating and set a $53.00 price objective (up previously from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets upped their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the company a "market perform" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $53.31.

Alliant Energy Stock Up 2.2 %

Shares of LNT traded up $1.02 during trading on Wednesday, reaching $48.42. The company's stock had a trading volume of 1,673,675 shares, compared to its average volume of 1,965,940. The company has a fifty day moving average of $48.63 and a two-hundred day moving average of $49.45. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.26. The company has a market cap of $12.40 billion, a price-to-earnings ratio of 17.18, a P/E/G ratio of 2.56 and a beta of 0.55. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). The firm had revenue of $961.00 million for the quarter, compared to analyst estimates of $1.25 billion. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. During the same period in the prior year, the company posted $0.46 earnings per share. On average, sell-side analysts predict that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy's dividend payout ratio is presently 69.06%.

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.