Assenagon Asset Management S.A. Raises Stake in Alliant Energy Corporation $LNT

Assenagon Asset Management S.A. lifted its stake in Alliant Energy Corporation (NASDAQ:LNT) by 143.9% during the fourth quarter, HoldingsChannel reports. The firm owned 255,377 shares of the company’s stock after purchasing an additional 150,663 shares during the period. Assenagon Asset Management S.A.’s holdings in Alliant Energy were worth $16,602,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in Alliant Energy in the 3rd quarter valued at about $27,000. Country Trust Bank purchased a new position in shares of Alliant Energy during the second quarter worth approximately $30,000. MRP Capital Investments LLC purchased a new position in shares of Alliant Energy during the third quarter worth approximately $35,000. Hantz Financial Services Inc. raised its stake in shares of Alliant Energy by 256.7% during the third quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after acquiring an additional 403 shares in the last quarter. Finally, Capital A Wealth Management LLC boosted its holdings in shares of Alliant Energy by 5,709.1% in the second quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock valued at $39,000 after purchasing an additional 628 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Mizuho raised their price objective on Alliant Energy from $73.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, March 16th. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Barclays upgraded Alliant Energy from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $65.00 to $67.00 in a research note on Wednesday, January 21st. Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $76.00 price objective on shares of Alliant Energy in a research note on Monday, December 1st. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $75.44.

Alliant Energy Stock Up 0.7%

Alliant Energy stock opened at $70.26 on Friday. Alliant Energy Corporation has a 1-year low of $57.09 and a 1-year high of $73.41. The business has a fifty day moving average price of $69.54 and a 200-day moving average price of $67.52. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.66. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.86 and a beta of 0.66.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Friday, February 20th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $673.11 million. During the same period in the prior year, the company posted $0.70 EPS. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 30th. Alliant Energy’s dividend payout ratio is currently 67.94%.

Alliant Energy Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.