Landscape Capital Management L.L.C. lessened its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT – Free Report) by 16.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,892 shares of the company’s stock after selling 8,469 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Alliant Energy were worth $2,788,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Alliant Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after acquiring an additional 383,612 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Alliant Energy by 2.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after acquiring an additional 167,581 shares during the period. Geode Capital Management LLC boosted its holdings in Alliant Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after acquiring an additional 128,998 shares during the period. Pictet Asset Management Holding SA boosted its holdings in Alliant Energy by 5.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after acquiring an additional 215,188 shares during the period. Finally, Cohen & Steers Inc. boosted its holdings in Alliant Energy by 41.7% in the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after acquiring an additional 1,063,268 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.
Alliant Energy Stock Performance
Shares of LNT opened at $73.11 on Monday. The business’s fifty day moving average price is $72.42 and its 200 day moving average price is $69.62. Alliant Energy Corporation has a 12-month low of $59.62 and a 12-month high of $75.76. The stock has a market capitalization of $18.88 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.98 and a beta of 0.56. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.69 and a quick ratio of 0.53.
Alliant Energy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were given a $0.535 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a $2.14 annualized dividend and a yield of 2.9%. Alliant Energy’s dividend payout ratio (DPR) is currently 67.08%.
Analysts Set New Price Targets
LNT has been the subject of a number of analyst reports. Mizuho set a $76.00 price target on Alliant Energy in a report on Monday, May 4th. Scotiabank restated a “sector perform” rating and issued a $74.00 price target (up from $72.00) on shares of Alliant Energy in a report on Monday, May 4th. Wells Fargo & Company restated an “overweight” rating and issued a $76.00 price target on shares of Alliant Energy in a report on Tuesday, April 21st. Wall Street Zen upgraded Alliant Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Royal Bank Of Canada initiated coverage on Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus target price of $76.60.
Check Out Our Latest Analysis on Alliant Energy
Alliant Energy Profile
Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.
Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.
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