Trust Point Inc. bought a new position in Alliant Energy Co. (NASDAQ:LNT – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,134 shares of the company’s stock, valued at approximately $263,000.
A number of other institutional investors and hedge funds have also modified their holdings of LNT. State Street Corp increased its holdings in shares of Alliant Energy by 8.1% in the 1st quarter. State Street Corp now owns 13,692,321 shares of the company’s stock worth $855,496,000 after purchasing an additional 1,021,148 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Alliant Energy by 3.5% in the 1st quarter. BlackRock Inc. now owns 23,504,005 shares of the company’s stock worth $1,255,114,000 after buying an additional 799,601 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Alliant Energy by 289.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 976,308 shares of the company’s stock worth $47,302,000 after buying an additional 725,800 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Alliant Energy by 3,199.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 728,234 shares of the company’s stock worth $35,283,000 after buying an additional 706,162 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Alliant Energy by 38.5% in the 4th quarter. Morgan Stanley now owns 2,505,898 shares of the company’s stock worth $138,351,000 after buying an additional 696,101 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.
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Insider Buying and Selling at Alliant Energy
In other Alliant Energy news, CEO Lisa M. Barton purchased 1,100 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were acquired at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the acquisition, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.
Alliant Energy Price Performance
NASDAQ LNT opened at $48.85 on Friday. The company has a market capitalization of $12.51 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.58 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. The business’s fifty day moving average is $48.65 and its 200 day moving average is $49.53. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26.
Alliant Energy (NASDAQ:LNT – Get Free Report) last released its earnings results on Friday, February 16th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). The company had revenue of $961.00 million for the quarter, compared to analysts’ expectations of $1.25 billion. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. During the same quarter last year, the firm posted $0.46 earnings per share. Sell-side analysts predict that Alliant Energy Co. will post 3.07 earnings per share for the current year.
Alliant Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This is a boost from Alliant Energy’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 3.93%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.06%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the company. Barclays restated an “equal weight” rating and issued a $53.00 price target (up from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. BMO Capital Markets downgraded Alliant Energy from an “outperform” rating to a “market perform” rating and set a $55.00 price target on the stock. in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.06.
Check Out Our Latest Report 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.
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