WINTON GROUP Ltd raised its position in Alliant Energy Co. (NYSE:LNT) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,559 shares of the utilities provider’s stock after acquiring an additional 1,361 shares during the quarter. WINTON GROUP Ltd’s holdings in Alliant Energy were worth $365,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Field & Main Bank acquired a new stake in Alliant Energy in the fourth quarter valued at approximately $169,000. Independent Advisor Alliance acquired a new stake in Alliant Energy in the third quarter valued at approximately $211,000. Keybank National Association OH acquired a new stake in Alliant Energy in the third quarter valued at approximately $213,000. Linscomb & Williams Inc. acquired a new stake in Alliant Energy in the fourth quarter valued at approximately $213,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Alliant Energy in the third quarter valued at approximately $216,000. 69.92% of the stock is owned by institutional investors.
Several brokerages have issued reports on LNT. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $43.00 price objective (down previously from $47.00) on shares of Alliant Energy in a research report on Monday, February 26th. UBS Group began coverage on shares of Alliant Energy in a research report on Friday, February 2nd. They set a “neutral” rating and a $40.00 price target for the company. Guggenheim reissued a “hold” rating and set a $43.00 price target on shares of Alliant Energy in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $42.83.
Shares of Alliant Energy Co. (LNT) opened at $39.30 on Wednesday. Alliant Energy Co. has a 1 year low of $36.84 and a 1 year high of $45.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.32 and a current ratio of 0.42. The firm has a market cap of $9,071.48, a P/E ratio of 20.42, a PEG ratio of 3.51 and a beta of 0.37.
Alliant Energy (NYSE:LNT) last released its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Alliant Energy had a return on equity of 11.11% and a net margin of 13.82%. The company had revenue of $856.10 million for the quarter, compared to analyst estimates of $896.94 million. During the same period in the previous year, the business posted $0.28 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. research analysts expect that Alliant Energy Co. will post 2.11 EPS for the current fiscal year.
Alliant Energy declared that its Board of Directors has initiated a stock buyback program on Monday, January 15th that permits the company to buyback outstanding shares. This buyback authorization permits the utilities provider to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a dividend of $0.335 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.41%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.32. Alliant Energy’s dividend payout ratio (DPR) is presently 67.34%.
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Alliant Energy Profile
Alliant Energy Corporation operates as a regulated investor-owned public utility holding company. The Company’s segments include Utility and Non-regulated, Parent and Other. The Utility segment includes the operations of Interstate Power and Light Company (IPL) and Wisconsin Power and Light Company (WPL), which serve retail customers in Iowa and Wisconsin.
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