O Shaughnessy Asset Management LLC Raises Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

O Shaughnessy Asset Management LLC increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,192 shares of the company’s stock after buying an additional 15,073 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Alliant Energy were worth $4,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Alliant Energy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company’s stock worth $1,931,732,000 after buying an additional 226,275 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Alliant Energy by 1.4% in the third quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock worth $398,880,000 after acquiring an additional 92,525 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Alliant Energy by 1.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,076,660 shares of the company’s stock worth $241,094,000 after purchasing an additional 72,748 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Alliant Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company’s stock valued at $133,237,000 after purchasing an additional 36,438 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its stake in Alliant Energy by 9.0% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,056,042 shares of the company’s stock worth $121,594,000 after purchasing an additional 168,995 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.1 %

Shares of Alliant Energy stock opened at $64.49 on Thursday. The stock has a 50 day moving average of $61.98 and a 200 day moving average of $60.78. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two week high of $66.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, research analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.15%. Alliant Energy’s dividend payout ratio is currently 75.46%.

Analyst Ratings Changes

LNT has been the subject of a number of research reports. Guggenheim reaffirmed a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. UBS Group upped their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets increased their price target on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.55.

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.