MRP Capital Investments LLC Has $30,000 Stock Position in Alliant Energy Co. (NASDAQ:LNT)

MRP Capital Investments LLC reduced its holdings in Alliant Energy Co. (NASDAQ:LNT) by 53.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 513 shares of the company’s stock after selling 591 shares during the period. MRP Capital Investments LLC’s holdings in Alliant Energy were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC lifted its stake in Alliant Energy by 0.6% in the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock worth $648,847,000 after acquiring an additional 65,110 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Alliant Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock worth $398,880,000 after purchasing an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after purchasing an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Alliant Energy by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,252,913 shares of the company’s stock worth $133,237,000 after purchasing an additional 36,438 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its stake in shares of Alliant Energy by 0.5% during the 4th quarter. Johnson Investment Counsel Inc. now owns 1,815,769 shares of the company’s stock worth $107,385,000 after purchasing an additional 9,281 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on LNT. Guggenheim reaffirmed a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, BMO Capital Markets raised their price objective on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $63.25.

Alliant Energy Stock Performance

LNT opened at $63.55 on Friday. The firm has a market capitalization of $16.31 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The stock’s 50 day moving average price is $61.19 and its two-hundred day moving average price is $60.49. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 12-month low of $47.23 and a 12-month high of $66.54.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. On average, equities analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

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.