Alliant Energy Co. (NASDAQ:LNT) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its holdings in Alliant Energy Co. (NASDAQ:LNT) by 27.2% during the third quarter, Holdings Channel reports. The fund owned 52,190 shares of the company’s stock after buying an additional 11,165 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Alliant Energy were worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in Alliant Energy during the third quarter valued at $28,000. Eastern Bank acquired a new stake in Alliant Energy during the third quarter valued at $30,000. Kimelman & Baird LLC acquired a new stake in Alliant Energy during the second quarter valued at $41,000. Ashton Thomas Private Wealth LLC acquired a new stake in Alliant Energy during the second quarter valued at $43,000. Finally, MRP Capital Investments LLC acquired a new stake in Alliant Energy during the second quarter valued at $56,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Alliant Energy from $62.00 to $66.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays increased their price objective on shares of Alliant Energy from $55.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, October 14th. Jefferies Financial Group started coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 price target on the stock. Mizuho raised their price target on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, BMO Capital Markets raised their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus target price of $63.28.

Alliant Energy Price Performance

LNT stock opened at $57.74 on Friday. The business has a fifty day moving average of $59.89 and a two-hundred day moving average of $55.00. 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 stock has a market cap of $14.81 billion, a price-to-earnings ratio of 23.57, a price-to-earnings-growth ratio of 2.84 and a beta of 0.58. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $62.49.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the business posted $1.05 earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. As a group, research analysts anticipate that Alliant Energy Co. will post 3.05 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 3.33%. Alliant Energy’s dividend payout ratio (DPR) is presently 78.37%.

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.