Alliant Energy Co. (NASDAQ:LNT) Position Trimmed by Schroder Investment Management Group

Schroder Investment Management Group decreased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 357,889 shares of the company’s stock after selling 21,378 shares during the quarter. Schroder Investment Management Group’s holdings in Alliant Energy were worth $21,234,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Allstate Corp acquired a new position in shares of Alliant Energy in the 4th quarter worth $472,000. Orion Portfolio Solutions LLC boosted its position in shares of Alliant Energy by 13.0% in the 4th quarter. Orion Portfolio Solutions LLC now owns 68,740 shares of the company’s stock valued at $4,065,000 after purchasing an additional 7,903 shares during the period. Pictet Asset Management Holding SA increased its stake in Alliant Energy by 1.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company’s stock worth $241,094,000 after purchasing an additional 72,748 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in Alliant Energy by 3.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 77,871 shares of the company’s stock worth $4,605,000 after buying an additional 2,707 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its stake in Alliant Energy by 9.0% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,056,042 shares of the company’s stock valued at $121,594,000 after buying an additional 168,995 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $64.49 on Thursday. The business has a fifty day simple moving average of $61.98 and a 200 day simple moving average of $60.78. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 2.83 and a beta of 0.54.

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

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.15%. Alliant Energy’s dividend payout ratio (DPR) is 75.46%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LNT shares. Guggenheim reissued a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. UBS Group raised their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. BMO Capital Markets boosted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday, February 24th. Finally, Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $63.55.

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.