TD Asset Management Inc Increases Stock Position in Alliant Energy Co. (NASDAQ:LNT)

TD Asset Management Inc grew its stake in shares of Alliant Energy Co. (NASDAQ:LNTFree Report) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,645 shares of the company’s stock after acquiring an additional 4,321 shares during the quarter. TD Asset Management Inc’s holdings in Alliant Energy were worth $4,394,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Kestra Private Wealth Services LLC purchased a new position in shares of Alliant Energy in the third quarter worth approximately $243,000. Amalgamated Bank boosted its holdings in shares of Alliant Energy by 1.8% in the third quarter. Amalgamated Bank now owns 65,072 shares of the company’s stock worth $3,153,000 after buying an additional 1,137 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Alliant Energy by 15.2% in the third quarter. Atria Wealth Solutions Inc. now owns 27,830 shares of the company’s stock worth $1,348,000 after buying an additional 3,663 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Alliant Energy by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,055,089 shares of the company’s stock worth $99,569,000 after buying an additional 41,291 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Alliant Energy by 13.9% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 18,044 shares of the company’s stock worth $874,000 after buying an additional 2,206 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 1.1 %

LNT stock opened at $50.55 on Friday. The firm has a fifty day moving average price of $50.22 and a 200 day moving average price of $49.85. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. The firm has a market cap of $12.96 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.72 and a beta of 0.57.

Alliant Energy (NASDAQ:LNTGet Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $0.65 earnings per share. Alliant Energy’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend was Monday, April 29th. Alliant Energy’s payout ratio is 69.82%.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of recent analyst reports. Bank of America decreased their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. LADENBURG THALM/SH SH reduced their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Scotiabank reduced their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. Wells Fargo & Company lifted their price objective on shares of Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, May 6th. Finally, BMO Capital Markets lifted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. One investment 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’s stock. Based on data from MarketBeat.com, Alliant Energy has an average rating of “Hold” and an average price target of $51.38.

Get Our Latest Report on LNT

About Alliant Energy

(Free Report)

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.

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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