Massmutual Trust Co. FSB ADV Acquires 416 Shares of Alliant Energy Co. (NASDAQ:LNT)

Massmutual Trust Co. FSB ADV boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 20.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,431 shares of the company’s stock after acquiring an additional 416 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Alliant Energy were worth $124,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LNT. Janus Henderson Group PLC boosted its stake in shares of Alliant Energy by 10.3% in the 1st quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after purchasing an additional 984,963 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Alliant Energy by 5.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,194,528 shares of the company’s stock worth $471,679,000 after purchasing an additional 505,101 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Alliant Energy by 68.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock valued at $246,382,000 after purchasing an additional 1,948,485 shares during the period. Cohen & Steers Inc. increased its stake in Alliant Energy by 6.2% during the 4th quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock valued at $187,325,000 after purchasing an additional 213,522 shares in the last quarter. Finally, Mairs & Power Inc. raised its holdings in Alliant Energy by 2.2% during the fourth quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock worth $162,800,000 after buying an additional 67,550 shares during the last quarter. 79.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LNT. BMO Capital Markets raised their target price on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday. Scotiabank lifted their price objective on shares of Alliant Energy from $53.00 to $58.00 and gave the stock a “sector outperform” rating in a research report on Tuesday. Wells Fargo & Company increased their target price on shares of Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday. LADENBURG THALM/SH SH lowered their price target on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. Finally, Bank of America reduced their price objective on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus price target of $53.88.

Alliant Energy Stock Performance

Shares of Alliant Energy stock traded up $0.51 during trading hours on Tuesday, reaching $55.74. The company had a trading volume of 1,647,324 shares, compared to its average volume of 1,736,501. Alliant Energy Co. has a one year low of $45.15 and a one year high of $58.69. The business has a fifty day simple moving average of $52.30 and a 200 day simple moving average of $50.33. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.56 and a quick ratio of 0.40. The firm has a market cap of $14.29 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.71 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.24% and a net margin of 15.77%. The company had revenue of $894.00 million during the quarter, compared to the consensus estimate of $897.03 million. During the same period in the previous year, the business earned $0.64 earnings per share. Alliant Energy’s revenue was down 2.0% on a year-over-year basis. On average, analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Wednesday, July 31st will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.44%. The ex-dividend date is Wednesday, July 31st. Alliant Energy’s dividend payout ratio is 69.82%.

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.