DekaBank Deutsche Girozentrale Lowers Stock Position in Alliant Energy Co. (NASDAQ:LNT)

DekaBank Deutsche Girozentrale reduced its position in Alliant Energy Co. (NASDAQ:LNT) by 21.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,025 shares of the company’s stock after selling 11,024 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Alliant Energy were worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Scarborough Advisors LLC acquired a new position in shares of Alliant Energy in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its holdings in Alliant Energy by 252.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after buying an additional 474 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Alliant Energy during the second quarter valued at approximately $43,000. Creekmur Asset Management LLC purchased a new stake in Alliant Energy during the fourth quarter worth approximately $65,000. Finally, Gradient Investments LLC acquired a new stake in shares of Alliant Energy in the second quarter worth $74,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNT has been the topic of several recent research reports. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Barclays increased their target price on Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Scotiabank boosted their price target on Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Bank of America increased their price objective on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, BMO Capital Markets boosted their target price on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $58.50.

Alliant Energy Stock Performance

Shares of LNT opened at $60.33 on Thursday. The firm has a market cap of $15.47 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.89 and a beta of 0.58. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $57.02 and its two-hundred day moving average is $52.49. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $60.67.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The company’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. Analysts forecast that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.18%. Alliant Energy’s dividend payout ratio (DPR) is 69.82%.

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.