Dimensional Fund Advisors LP Has $65.87 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Dimensional Fund Advisors LP increased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,293,966 shares of the company’s stock after acquiring an additional 116,399 shares during the period. Dimensional Fund Advisors LP owned about 0.50% of Alliant Energy worth $65,865,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Scarborough Advisors LLC acquired a new position in Alliant Energy in the fourth quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Alliant Energy in the second quarter valued at approximately $43,000. Creekmur Asset Management LLC acquired a new position in shares of Alliant Energy during the fourth quarter valued at about $65,000. Gradient Investments LLC acquired a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $74,000. Finally, Clarity Asset Management Inc. bought a new position in shares of Alliant Energy during the 4th quarter worth about $82,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Alliant Energy stock opened at $60.74 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average is $57.81 and its 200-day moving average is $53.01. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $60.86. The company has a market capitalization of $15.58 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.87 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the firm earned $0.64 EPS. Equities research analysts expect that Alliant Energy Co. will post 3.06 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued 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 3.16%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Wall Street Analyst Weigh In

LNT has been the subject of several recent analyst reports. UBS Group increased their price objective on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Barclays raised their target price on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $50.00 to $62.50 in a research note on Tuesday, August 13th. Jefferies Financial Group began coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 target price for the company. Finally, BMO Capital Markets raised their target price on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and a consensus price target of $60.17.

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.