Cohen & Steers Inc. Grows Stake in Alliant Energy Co. (NASDAQ:LNT)

Cohen & Steers Inc. increased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,306,115 shares of the company’s stock after acquiring an additional 1,125 shares during the period. Cohen & Steers Inc.’s holdings in Alliant Energy were worth $136,384,000 at the end of the most recent reporting period.

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

Alliant Energy Stock Performance

Alliant Energy stock opened at $60.59 on Monday. The stock has a fifty day moving average price of $62.26 and a 200 day moving average price of $60.81. 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 52 week low of $47.23 and a 52 week high of $66.54. The firm has a market capitalization of $15.56 billion, a P/E ratio of 22.52, a PEG ratio of 2.83 and a beta of 0.52.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Equities research analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.35%. Alliant Energy’s dividend payout ratio is presently 75.46%.

Analysts Set New Price Targets

LNT has been the subject of several research reports. UBS Group lifted their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. BMO Capital Markets boosted their price target on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Monday, February 24th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $63.55.

Alliant Energy 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.