Perpetual Ltd purchased a new stake in Alliant Energy Co. (NASDAQ:LNT – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 4,696 shares of the company’s stock, valued at approximately $251,000.
Other hedge funds also recently bought and sold shares of the company. Dividend Assets Capital LLC increased its holdings in Alliant Energy by 100.0% in the fourth quarter. Dividend Assets Capital LLC now owns 1,520 shares of the company’s stock valued at $84,000 after buying an additional 760 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Alliant Energy by 1.4% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,679 shares of the company’s stock worth $1,158,000 after acquiring an additional 290 shares in the last quarter. Avestar Capital LLC boosted its holdings in Alliant Energy by 43.0% in the first quarter. Avestar Capital LLC now owns 6,896 shares of the company’s stock valued at $368,000 after purchasing an additional 2,075 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Alliant Energy by 13.2% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 47,380 shares of the company’s stock worth $2,616,000 after buying an additional 5,528 shares during the last quarter. Finally, LexAurum Advisors LLC boosted its holdings in shares of Alliant Energy by 53.2% in the 1st quarter. LexAurum Advisors LLC now owns 5,935 shares of the company’s stock valued at $317,000 after buying an additional 2,062 shares in the last quarter. Institutional investors and hedge funds own 76.45% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the company. StockNews.com began coverage on Alliant Energy in a report on Thursday, May 18th. They set a “sell” rating on the stock. Wells Fargo & Company raised Alliant Energy from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $58.00 to $61.00 in a report on Wednesday, April 19th. BMO Capital Markets lifted their target price on shares of Alliant Energy from $56.00 to $58.00 and gave the company an “outperform” rating in a report on Monday. 888 reiterated an “upgrade” rating on shares of Alliant Energy in a research note on Monday, June 26th. Finally, Bank of America upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $58.00 in a research note on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.50.
Alliant Energy Price Performance
Shares of LNT opened at $51.47 on Thursday. The firm has a market capitalization of $13.01 billion, a PE ratio of 19.65, a P/E/G ratio of 2.77 and a beta of 0.55. The stock’s 50 day moving average is $53.15 and its two-hundred day moving average is $53.20. Alliant Energy Co. has a twelve month low of $47.19 and a twelve month high of $64.62. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 1.27.
Alliant Energy (NASDAQ:LNT – Get Free Report) last released its quarterly earnings data on Friday, August 4th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. The firm had revenue of $912.00 million during the quarter, compared to analysts’ expectations of $956.42 million. Alliant Energy had a return on equity of 10.63% and a net margin of 15.73%. Alliant Energy’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. Research analysts anticipate that Alliant Energy Co. will post 2.87 earnings per share for the current year.
Alliant Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Monday, July 31st will be given a dividend of $0.4525 per share. The ex-dividend date is Friday, July 28th. This represents a $1.81 annualized dividend and a yield of 3.52%. Alliant Energy’s payout ratio is currently 69.08%.
Alliant Energy Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.
Featured Stories
- Five stocks we like better than Alliant Energy
- How to Calculate Inflation Rate
- 3 Best Renewable Energy Stocks as Summer Heat Builds
- Investing in Vaccines 101: How to Invest in Vaccine Stocks
- Kinder Morgan Shines With Dividend Yield, Cash Flow, Buybacks
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- 3 Stocks to Buy No Matter Which Way Inflation Moves
Receive News & Ratings for Alliant Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliant Energy and related companies with MarketBeat.com's FREE daily email newsletter.
