Alliant Energy Co. (NASDAQ:LNT) Stock Holdings Raised by Sagefield Capital LP

Sagefield Capital LP raised its stake in Alliant Energy Co. (NASDAQ:LNT) by 23.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 87,909 shares of the company’s stock after acquiring an additional 16,654 shares during the period. Sagefield Capital LP’s holdings in Alliant Energy were worth $5,199,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LNT. SBI Securities Co. Ltd. bought a new stake in Alliant Energy in the fourth quarter worth approximately $29,000. Larson Financial Group LLC boosted its holdings in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after purchasing an additional 291 shares during the period. WASHINGTON TRUST Co boosted its holdings in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after purchasing an additional 628 shares during the period. Newbridge Financial Services Group Inc. bought a new stake in Alliant Energy in the 4th quarter valued at $53,000. Finally, Optiver Holding B.V. boosted its holdings in Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after purchasing an additional 723 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of LNT stock opened at $62.48 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The stock has a market capitalization of $16.05 billion, a price-to-earnings ratio of 23.23, a P/E/G ratio of 2.83 and a beta of 0.58. Alliant Energy Co. has a twelve month low of $49.05 and a twelve month high of $66.54. The stock has a fifty day simple moving average of $61.67 and a two-hundred day simple moving average of $60.86.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.12. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 earnings per share. On average, analysts predict that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a dividend of $0.5075 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.25%. Alliant Energy’s payout ratio is 70.00%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LNT. UBS Group increased their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Barclays lowered shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. BMO Capital Markets reduced their target price on shares of Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 22nd. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Finally, StockNews.com raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Alliant Energy has a consensus rating of “Hold” and an average target price of $63.55.

About Alliant Energy

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.