Intech Investment Management LLC Acquires 7,303 Shares of Alliant Energy Co. (NASDAQ:LNT)

Intech Investment Management LLC raised its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,071 shares of the company’s stock after purchasing an additional 7,303 shares during the period. Intech Investment Management LLC’s holdings in Alliant Energy were worth $4,076,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Scarborough Advisors LLC purchased a new position in shares of Alliant Energy during the fourth quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its position in Alliant Energy by 252.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock worth $34,000 after purchasing an additional 474 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Alliant Energy during the 2nd quarter valued at $43,000. MRP Capital Investments LLC bought a new position in shares of Alliant Energy during the 2nd quarter valued at $56,000. Finally, Creekmur Asset Management LLC bought a new position in shares of Alliant Energy during the 4th quarter valued at $65,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.1 %

Shares of Alliant Energy stock opened at $59.72 on Friday. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $60.67. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The company has a market capitalization of $15.31 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.89 and a beta of 0.58. The company has a fifty day moving average of $57.27 and a 200 day moving average of $52.65.

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

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company upped their price objective on Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Scotiabank upped their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. BMO Capital Markets raised their price objective on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a report on Tuesday, August 6th. Barclays boosted their target price on shares of Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Finally, Jefferies Financial Group began coverage on shares of Alliant Energy in a research report on Thursday. They issued a “hold” rating and a $67.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $60.17.

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.