CWM Advisors LLC lifted its stake in Alliant Energy Co. (NYSE:LNT) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,450 shares of the utilities provider’s stock after acquiring an additional 352 shares during the quarter. CWM Advisors LLC’s holdings in Alliant Energy were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Alliant Energy by 4.7% in the second quarter. BlackRock Inc. now owns 21,905,315 shares of the utilities provider’s stock worth $1,075,113,000 after purchasing an additional 991,604 shares during the last quarter. State Street Corp raised its stake in Alliant Energy by 1.0% during the 3rd quarter. State Street Corp now owns 12,369,383 shares of the utilities provider’s stock valued at $667,081,000 after buying an additional 122,390 shares during the last quarter. Zimmer Partners LP raised its stake in Alliant Energy by 97.1% during the 3rd quarter. Zimmer Partners LP now owns 2,858,560 shares of the utilities provider’s stock valued at $154,162,000 after buying an additional 1,408,560 shares during the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of Alliant Energy by 8.9% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,392,494 shares of the utilities provider’s stock valued at $129,027,000 after buying an additional 195,500 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Alliant Energy by 7,298.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,082,942 shares of the utilities provider’s stock valued at $113,979,000 after buying an additional 2,054,789 shares during the period. 71.12% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on LNT. Barclays raised Alliant Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $54.00 to $58.00 in a report on Thursday, November 21st. Scotiabank raised Alliant Energy from a “sector perform” rating to a “sector outperform” rating and set a $60.00 target price on the stock in a report on Friday, December 20th. Finally, UBS Group raised their target price on Alliant Energy from $54.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.00.
Shares of NYSE LNT opened at $58.93 on Friday. Alliant Energy Co. has a 12-month low of $42.51 and a 12-month high of $59.02. The firm has a market capitalization of $14.16 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 3.28 and a beta of 0.18. The company has a current ratio of 0.73, a quick ratio of 0.59 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average of $54.71 and a 200 day moving average of $52.75.
Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.01. The business had revenue of $990.20 million for the quarter, compared to the consensus estimate of $1.02 billion. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. Sell-side analysts predict that Alliant Energy Co. will post 2.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.58%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, January 30th. Alliant Energy’s dividend payout ratio is 73.58%.
Alliant Energy Company 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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