Alliant Energy Co. (NASDAQ:LNT) Holdings Raised by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. boosted its stake in Alliant Energy Co. (NASDAQ:LNT) by 20.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 509,872 shares of the company’s stock after buying an additional 86,366 shares during the period. Westwood Holdings Group Inc. owned 0.20% of Alliant Energy worth $25,698,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Alliant Energy by 68.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock valued at $246,382,000 after acquiring an additional 1,948,485 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Alliant Energy by 10.3% during the 1st quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after purchasing an additional 984,963 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Alliant Energy by 103.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,286,941 shares of the company’s stock valued at $66,020,000 after purchasing an additional 654,460 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Alliant Energy by 14,057.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 577,072 shares of the company’s stock worth $29,084,000 after buying an additional 572,996 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Alliant Energy by 5.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,194,528 shares of the company’s stock valued at $471,679,000 after buying an additional 505,101 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.9 %

NASDAQ LNT traded up $0.50 on Friday, hitting $57.11. 2,275,182 shares of the stock were exchanged, compared to its average volume of 1,567,594. The company’s 50-day moving average price is $52.20 and its two-hundred day moving average price is $50.29. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.56 and a quick ratio of 0.40. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $58.69. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.69 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The business had revenue of $894.00 million for the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.24%. The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. Research analysts predict that Alliant Energy Co. will post 3.08 EPS for the current year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.92 annualized dividend and a yield of 3.36%. Alliant Energy’s dividend payout ratio is presently 69.82%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. LADENBURG THALM/SH SH dropped their price target on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Barclays boosted their target price on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Bank of America decreased their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Scotiabank cut their price objective on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. Finally, BMO Capital Markets lifted their target price on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and a consensus price target of $51.63.

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.