Rafferty Asset Management LLC Raises Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Rafferty Asset Management LLC increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNTFree Report) by 10.5% in the fourth quarter, Holdings Channel reports. The firm owned 28,472 shares of the company’s stock after acquiring an additional 2,715 shares during the period. Rafferty Asset Management LLC’s holdings in Alliant Energy were worth $1,461,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Centennial Wealth Advisory LLC lifted its position in shares of Alliant Energy by 3.7% during the fourth quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock worth $302,000 after purchasing an additional 210 shares in the last quarter. Gables Capital Management Inc. boosted its position in Alliant Energy by 68.4% in the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after buying an additional 212 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Alliant Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock valued at $4,061,000 after acquiring an additional 233 shares in the last quarter. Goldstein Advisors LLC increased its position in shares of Alliant Energy by 1.1% during the fourth quarter. Goldstein Advisors LLC now owns 22,093 shares of the company’s stock worth $1,133,000 after acquiring an additional 240 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in shares of Alliant Energy by 6.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock worth $238,000 after acquiring an additional 285 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets lifted their price objective on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Wells Fargo & Company upped their price target on shares of Alliant Energy from $55.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Scotiabank decreased their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. LADENBURG THALM/SH SH dropped their target price on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, Bank of America reduced their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.38.

View Our Latest Stock Report on LNT

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $50.15 on Tuesday. The company has a market cap of $12.86 billion, a PE ratio of 18.24, a P/E/G ratio of 2.67 and a beta of 0.57. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The firm has a 50-day simple moving average of $50.23 and a 200 day simple moving average of $49.87. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.25.

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

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.83%. Alliant Energy’s dividend payout ratio is currently 69.82%.

Alliant Energy Profile

(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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