Alliant Energy Co. (NASDAQ:LNT) Position Boosted by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC raised its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,740 shares of the company’s stock after acquiring an additional 7,903 shares during the period. Orion Portfolio Solutions LLC’s holdings in Alliant Energy were worth $4,065,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LNT. Point72 Asset Management L.P. boosted its holdings in shares of Alliant Energy by 92.7% in the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after acquiring an additional 771,919 shares in the last quarter. Jennison Associates LLC bought a new position in Alliant Energy during the 4th quarter valued at $32,225,000. Retirement Systems of Alabama increased its position in shares of Alliant Energy by 698.3% during the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock valued at $27,400,000 after purchasing an additional 394,920 shares during the period. National Pension Service bought a new stake in shares of Alliant Energy in the 4th quarter worth $22,531,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at $20,677,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of research analyst reports. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Monday, February 24th. Guggenheim reissued a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Finally, UBS Group lifted their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.55.

Alliant Energy Trading Up 0.7 %

Alliant Energy stock opened at $63.58 on Monday. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week high of $66.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 2.83 and a beta of 0.54. The company has a 50 day moving average price of $61.73 and a 200 day moving average price of $60.68.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Research analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio is 75.46%.

Alliant Energy Company Profile

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.