Alliant Energy Corporation $LNT Holdings Lifted by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Alliant Energy Corporation (NASDAQ:LNT) by 0.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 531,611 shares of the company’s stock after purchasing an additional 4,039 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Alliant Energy were worth $34,209,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LNT. Hughes Financial Services LLC purchased a new stake in shares of Alliant Energy during the first quarter valued at $27,000. Alpine Bank Wealth Management purchased a new stake in shares of Alliant Energy during the first quarter valued at $29,000. Tsfg LLC purchased a new stake in shares of Alliant Energy during the first quarter valued at $34,000. TD Private Client Wealth LLC purchased a new stake in shares of Alliant Energy during the first quarter valued at $34,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of Alliant Energy during the first quarter valued at $34,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Down 0.3%

Shares of Alliant Energy stock opened at $64.43 on Tuesday. Alliant Energy Corporation has a 1 year low of $56.08 and a 1 year high of $66.76. The stock has a 50-day moving average price of $62.95 and a 200 day moving average price of $62.17. The company has a current ratio of 0.57, a quick ratio of 0.46 and a debt-to-equity ratio of 1.35. The company has a market cap of $16.56 billion, a P/E ratio of 19.89, a P/E/G ratio of 3.05 and a beta of 0.53.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a return on equity of 12.25% and a net margin of 20.07%. The company had revenue of $961.00 million during the quarter, compared to the consensus estimate of $977.15 million. During the same period last year, the business earned $0.57 EPS. The business’s quarterly revenue was up 7.5% on a year-over-year basis. As a group, analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.5075 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.2%. Alliant Energy’s dividend payout ratio (DPR) is 62.65%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LNT shares. Bank of America upped their target price on Alliant Energy from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 14th. Wolfe Research raised Alliant Energy from a “peer perform” rating to an “outperform” rating and set a $68.00 target price for the company in a report on Monday, July 7th. Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a “buy” rating in a report on Tuesday, May 20th. BMO Capital Markets reissued a “market perform” rating and issued a $68.00 price objective (up from $66.00) on shares of Alliant Energy in a research note on Monday, August 11th. Finally, UBS Group reissued a “neutral” rating and issued a $67.00 price objective (up from $65.00) on shares of Alliant Energy in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $65.50.

Alliant Energy Company 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.