Alliant Energy Co. (NASDAQ:LNT) Stock Holdings Trimmed by Schroder Investment Management Group

Schroder Investment Management Group lowered its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 357,889 shares of the company’s stock after selling 21,378 shares during the quarter. Schroder Investment Management Group owned about 0.14% of Alliant Energy worth $21,234,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. RDA Financial Network raised its position in shares of Alliant Energy by 2.4% during the 4th quarter. RDA Financial Network now owns 7,990 shares of the company’s stock valued at $473,000 after acquiring an additional 184 shares in the last quarter. Global Retirement Partners LLC increased its stake in Alliant Energy by 8.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock valued at $148,000 after purchasing an additional 191 shares during the last quarter. Savant Capital LLC raised its holdings in shares of Alliant Energy by 1.5% during the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock worth $942,000 after purchasing an additional 237 shares during the period. City State Bank lifted its position in shares of Alliant Energy by 0.4% in the 4th quarter. City State Bank now owns 71,547 shares of the company’s stock worth $4,231,000 after buying an additional 257 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its holdings in shares of Alliant Energy by 0.5% in the 4th quarter. United Asset Strategies Inc. now owns 59,752 shares of the company’s stock valued at $3,534,000 after buying an additional 280 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT opened at $64.49 on Thursday. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The firm has a market capitalization of $16.55 billion, a PE ratio of 23.97, a P/E/G ratio of 2.83 and a beta of 0.54. The firm has a 50-day moving average price of $61.98 and a 200 day moving average price of $60.78. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The business had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. On average, sell-side analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LNT shares. UBS Group increased their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Guggenheim restated a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Finally, BMO Capital Markets raised their target price on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Alliant Energy presently has an average 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.