Fulcrum Asset Management LLP Buys 13,025 Shares of Alliant Energy Corporation $LNT

Fulcrum Asset Management LLP lifted its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 104.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,525 shares of the company’s stock after acquiring an additional 13,025 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Alliant Energy were worth $1,721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Alliant Energy in the third quarter valued at approximately $27,000. Country Trust Bank purchased a new position in Alliant Energy during the 2nd quarter worth $30,000. MRP Capital Investments LLC bought a new stake in Alliant Energy during the 3rd quarter valued at $35,000. Hantz Financial Services Inc. raised its position in Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after purchasing an additional 403 shares in the last quarter. Finally, Capital A Wealth Management LLC lifted its holdings in shares of Alliant Energy by 5,709.1% in the 2nd quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock worth $39,000 after buying an additional 628 shares during the period. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on LNT shares. Wolfe Research reissued an “outperform” rating and set a $76.00 price target on shares of Alliant Energy in a research report on Monday, December 1st. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Argus reiterated a “hold” rating on shares of Alliant Energy in a report on Friday, January 9th. BMO Capital Markets reissued an “outperform” rating and set a $78.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alliant Energy in a report on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Moderate Buy” and an average target price of $75.44.

Alliant Energy Trading Down 1.2%

Shares of NASDAQ:LNT opened at $71.76 on Thursday. Alliant Energy Corporation has a 12-month low of $57.09 and a 12-month high of $73.41. The business’s fifty day simple moving average is $69.08 and its 200-day simple moving average is $67.33. The company has a market capitalization of $18.45 billion, a PE ratio of 22.78, a P/E/G ratio of 2.97 and a beta of 0.66. The company has a current ratio of 0.80, a quick ratio of 0.66 and a debt-to-equity ratio of 1.49.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Friday, February 20th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $673.11 million. During the same period in the previous year, the company posted $0.70 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, equities research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were issued a $0.535 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, January 30th. Alliant Energy’s dividend payout ratio is presently 67.94%.

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.