Sagefield Capital LP Boosts Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Sagefield Capital LP grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 70.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,822 shares of the company’s stock after purchasing an additional 27,619 shares during the quarter. Sagefield Capital LP’s holdings in Alliant Energy were worth $3,401,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LNT. Janus Henderson Group PLC lifted its stake in Alliant Energy by 10.3% in the first quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after purchasing an additional 984,963 shares during the last quarter. Cohen & Steers Inc. lifted its position in shares of Alliant Energy by 6.2% during the 4th quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock valued at $187,325,000 after buying an additional 213,522 shares during the last quarter. Mairs & Power Inc. lifted its position in shares of Alliant Energy by 2.2% during the 4th quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock valued at $162,800,000 after buying an additional 67,550 shares during the last quarter. Northern Trust Corp grew its stake in shares of Alliant Energy by 2.3% during the 4th quarter. Northern Trust Corp now owns 2,491,130 shares of the company’s stock worth $127,795,000 after acquiring an additional 55,131 shares during the period. Finally, Johnson Investment Counsel Inc. increased its holdings in Alliant Energy by 1.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after acquiring an additional 29,358 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LNT shares. Jefferies Financial Group started coverage on shares of Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective on the stock. BMO Capital Markets upped their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Wells Fargo & Company raised their price objective on shares of Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Bank of America boosted their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Scotiabank raised their price target on Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and a consensus price target of $60.17.

Alliant Energy Trading Up 1.1 %

Shares of LNT stock opened at $60.35 on Tuesday. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $60.67. The business’s fifty day moving average is $57.40 and its 200 day moving average is $52.75. 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 $15.47 billion, a PE ratio of 21.95, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58.

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

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

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.