Dimensional Fund Advisors LP Acquires 39,358 Shares of Alliant Energy Co. (LNT)
Dimensional Fund Advisors LP lifted its holdings in shares of Alliant Energy Co. (NYSE:LNT) by 6.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 696,392 shares of the utilities provider’s stock after purchasing an additional 39,358 shares during the period. Dimensional Fund Advisors LP owned about 0.30% of Alliant Energy worth $29,421,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. We Are One Seven LLC bought a new position in shares of Alliant Energy during the 4th quarter valued at $25,000. Sound Income Strategies LLC grew its holdings in shares of Alliant Energy by 24,000.0% during the 4th quarter. Sound Income Strategies LLC now owns 1,205 shares of the utilities provider’s stock valued at $51,000 after purchasing an additional 1,200 shares during the last quarter. IMS Capital Management bought a new position in shares of Alliant Energy during the 3rd quarter valued at $59,000. Dupont Capital Management Corp bought a new position in shares of Alliant Energy during the 4th quarter valued at $83,000. Finally, Enlightenment Research LLC bought a new position in shares of Alliant Energy during the 4th quarter valued at $114,000. 71.12% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on LNT. Argus raised their price target on shares of Alliant Energy from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 18th. Barclays began coverage on shares of Alliant Energy in a report on Friday, January 18th. They issued an “equal weight” rating and a $45.00 price target on the stock. Zacks Investment Research raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 16th. Wolfe Research raised shares of Alliant Energy from an “underperform” rating to a “market perform” rating in a report on Tuesday, January 22nd. Finally, Bank of America raised shares of Alliant Energy from an “underperform” rating to a “neutral” rating and set a $44.00 price target on the stock in a report on Thursday, January 31st. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.44.
Alliant Energy (NYSE:LNT) last announced its quarterly earnings results on Thursday, February 21st. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $873.50 million for the quarter. Alliant Energy had a net margin of 15.09% and a return on equity of 11.69%. During the same period last year, the business earned $0.33 EPS. Research analysts expect that Alliant Energy Co. will post 2.15 earnings per share for the current fiscal year.
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About Alliant Energy
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services in the Midwest region of the United States. It operates through three segments: Electric, Gas, and 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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