Janus Henderson Group PLC Grows Holdings in Alliant Energy Corporation $LNT

Janus Henderson Group PLC raised its position in Alliant Energy Corporation (NASDAQ:LNT) by 1.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 11,273,621 shares of the company’s stock after purchasing an additional 138,683 shares during the period. Janus Henderson Group PLC’s holdings in Alliant Energy were worth $808,996,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Alliant Energy in the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its holdings in Alliant Energy by 235.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after acquiring an additional 445 shares during the period. MUFG Securities EMEA plc purchased a new position in Alliant Energy in the second quarter worth $46,000. Quantbot Technologies LP purchased a new position in Alliant Energy in the third quarter worth $54,000. Finally, Sound Income Strategies LLC grew its stake in Alliant Energy by 277.8% in the 4th quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock valued at $55,000 after purchasing an additional 600 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 2.4%

Shares of LNT stock opened at $72.00 on Thursday. The company has a market capitalization of $18.60 billion, a PE ratio of 22.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55. Alliant Energy Corporation has a 52-week low of $63.28 and a 52-week high of $78.81. The business’s fifty day moving average is $74.20 and its 200 day moving average is $71.78. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, April 30th. The company reported $0.82 EPS for the quarter, hitting the consensus estimate of $0.82. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The firm’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 earnings per share. On average, equities research analysts anticipate that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a $0.535 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. Alliant Energy’s dividend payout ratio (DPR) is presently 67.08%.

Analysts Set New Price Targets

LNT has been the subject of several recent research reports. BMO Capital Markets reduced their price target on Alliant Energy from $83.00 to $80.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. TD Cowen initiated coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 target price for the company. Weiss Ratings downgraded Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. Scotiabank reiterated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Mizuho set a $76.00 price objective on shares of Alliant Energy in a research report on Monday, May 4th. Nine research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Moderate Buy” and a consensus price target of $77.09.

Alliant Energy Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.