Barclays PLC boosted its stake in Alliant Energy Co. (NYSE:LNT) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 393,825 shares of the utilities provider’s stock after purchasing an additional 46,923 shares during the quarter. Barclays PLC owned about 0.17% of Alliant Energy worth $16,640,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in Alliant Energy in the fourth quarter valued at about $25,000. Oregon Public Employees Retirement Fund increased its holdings in Alliant Energy by 4,072.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,049,786 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 1,024,625 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Alliant Energy by 24,000.0% in the fourth quarter. Sound Income Strategies LLC now owns 1,205 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 1,200 shares during the last quarter. IMS Capital Management bought a new stake in Alliant Energy in the third quarter valued at about $59,000. Finally, Dupont Capital Management Corp bought a new stake in Alliant Energy in the fourth quarter valued at about $83,000. Institutional investors and hedge funds own 71.12% of the company’s stock.
LNT has been the subject of a number of recent analyst reports. ValuEngine upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, November 21st. Bank of America downgraded Alliant Energy from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 21st. Mizuho reiterated a “hold” rating and issued a $44.50 price objective on shares of Alliant Energy in a report on Thursday, November 29th. Argus upped their price objective on Alliant Energy from $47.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 18th. Finally, Zacks Investment Research downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $46.44.
Shares of Alliant Energy stock opened at $47.40 on Friday. Alliant Energy Co. has a 1 year low of $38.22 and a 1 year high of $47.48. The stock has a market capitalization of $11.19 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. The company has a quick ratio of 0.59, a current ratio of 0.73 and a debt-to-equity ratio of 1.15.
Alliant Energy (NYSE:LNT) last announced its quarterly earnings results on Thursday, February 21st. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Alliant Energy had a return on equity of 11.69% and a net margin of 15.09%. The company had revenue of $873.50 million during the quarter. During the same quarter last year, the company earned $0.33 earnings per share. On average, research analysts predict that Alliant Energy Co. will post 2.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Shareholders of record on Thursday, January 31st were issued a $0.355 dividend. This is an increase from Alliant Energy’s previous quarterly dividend of $0.34. This represents a $1.42 annualized dividend and a dividend yield of 3.00%. The ex-dividend date was Wednesday, January 30th. Alliant Energy’s dividend payout ratio is 73.58%.
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Alliant Energy Profile
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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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