34,000 Shares in Alliant Energy Co. (NASDAQ:LNT) Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co acquired a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, HoldingsChannel reports. The firm acquired 34,000 shares of the company’s stock, valued at approximately $2,011,000.

A number of other hedge funds also recently added to or reduced their stakes in LNT. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy in the fourth quarter valued at approximately $29,000. ORG Partners LLC increased its stake in Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after buying an additional 517 shares during the period. Larson Financial Group LLC raised its position in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock worth $43,000 after buying an additional 291 shares during the last quarter. WASHINGTON TRUST Co lifted its stake in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after acquiring an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy in the 4th quarter worth $53,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LNT shares. UBS Group boosted their price target 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. 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. BMO Capital Markets raised their price target on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Finally, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average target price of $63.55.

Alliant Energy Stock Down 5.4 %

LNT opened at $61.36 on Friday. Alliant Energy Co. has a one year low of $47.23 and a one year high of $66.54. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.83 and a beta of 0.52. The business’s fifty day moving average is $62.16 and its two-hundred day moving average is $60.82. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

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

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.5075 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.31%. Alliant Energy’s dividend payout ratio is currently 75.46%.

About Alliant Energy

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.