Goldman Sachs Group Inc. Has $66.02 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Goldman Sachs Group Inc. lifted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 103.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,286,941 shares of the company’s stock after purchasing an additional 654,460 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.50% of Alliant Energy worth $66,020,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LNT. Wetzel Investment Advisors Inc. bought a new stake in shares of Alliant Energy during the 4th quarter worth $26,000. Gables Capital Management Inc. boosted its holdings in shares of Alliant Energy by 68.4% during the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after buying an additional 212 shares during the period. Scarborough Advisors LLC bought a new stake in shares of Alliant Energy during the 4th quarter worth $28,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Alliant Energy by 252.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock worth $34,000 after buying an additional 474 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Alliant Energy during the 4th quarter worth $38,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LNT. Wells Fargo & Company upped their price objective on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. LADENBURG THALM/SH SH reduced their price target on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a report on Monday, April 29th. BMO Capital Markets increased their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Scotiabank reduced their price target on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Finally, Bank of America reduced their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $51.38.

Alliant Energy Price Performance

NASDAQ:LNT opened at $49.67 on Tuesday. The company has a 50-day moving average of $50.28 and a 200-day moving average of $49.86. The company has a market capitalization of $12.73 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.66 and a beta of 0.57. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. As a group, equities research analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

Alliant Energy 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.