Swiss National Bank Trims Position in Alliant Energy Corporation (NASDAQ:LNT)

Swiss National Bank lessened its stake in Alliant Energy Corporation (NASDAQ:LNT) by 0.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 723,700 shares of the company’s stock after selling 1,000 shares during the period. Swiss National Bank’s holdings in Alliant Energy were worth $46,570,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Alliant Energy by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 32,822,215 shares of the company’s stock worth $2,112,110,000 after purchasing an additional 158,507 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Alliant Energy by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company’s stock valued at $636,829,000 after acquiring an additional 76,987 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in Alliant Energy by 9,113.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company’s stock valued at $247,640,000 after acquiring an additional 4,141,895 shares during the period. Northern Trust Corp lifted its stake in Alliant Energy by 7.9% during the 4th quarter. Northern Trust Corp now owns 2,412,406 shares of the company’s stock valued at $142,670,000 after acquiring an additional 177,129 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Alliant Energy by 0.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,270,594 shares of the company’s stock valued at $146,113,000 after acquiring an additional 17,681 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LNT shares. BMO Capital Markets reaffirmed a “market perform” rating and set a $68.00 target price (up from $66.00) on shares of Alliant Energy in a report on Monday. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a “buy” rating in a report on Tuesday, May 20th. Barclays lowered shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Wolfe Research raised shares of 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. Finally, UBS Group reaffirmed a “neutral” rating and set a $67.00 target price (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average price target of $64.59.

Alliant Energy Trading Down 0.5%

NASDAQ LNT opened at $65.32 on Tuesday. The firm’s 50-day moving average is $62.55 and its two-hundred day moving average is $61.98. Alliant Energy Corporation has a 12 month low of $55.56 and a 12 month high of $66.76. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.57 and a quick ratio of 0.24. The stock has a market capitalization of $16.78 billion, a P/E ratio of 20.16, a PEG ratio of 3.10 and a beta of 0.53.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Alliant Energy had a net margin of 20.07% and a return on equity of 12.25%. The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $977.15 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Thursday, July 31st will be paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.1%. The ex-dividend date is Thursday, July 31st. Alliant Energy’s dividend payout ratio is currently 62.65%.

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.