IFM Investors Pty Ltd grew its position in Alliant Energy Corporation (NASDAQ:LNT – Free Report) by 12.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,336 shares of the company’s stock after acquiring an additional 7,468 shares during the quarter. IFM Investors Pty Ltd’s holdings in Alliant Energy were worth $4,689,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Ellenbecker Investment Group boosted its stake in shares of Alliant Energy by 22.2% during the 1st quarter. Ellenbecker Investment Group now owns 10,710 shares of the company’s stock worth $769,000 after purchasing an additional 1,946 shares during the period. MQS Management LLC purchased a new stake in Alliant Energy in the 1st quarter worth about $694,000. Apollon Wealth Management LLC lifted its stake in Alliant Energy by 26.4% in the first quarter. Apollon Wealth Management LLC now owns 4,447 shares of the company’s stock worth $319,000 after purchasing an additional 930 shares during the last quarter. Patton Fund Management Inc. lifted its stake in Alliant Energy by 41.2% in the first quarter. Patton Fund Management Inc. now owns 4,884 shares of the company’s stock worth $350,000 after purchasing an additional 1,425 shares during the last quarter. Finally, BKM Wealth Management LLC lifted its stake in Alliant Energy by 6.6% in the first quarter. BKM Wealth Management LLC now owns 4,091 shares of the company’s stock worth $294,000 after purchasing an additional 253 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.
Alliant Energy Stock Performance
LNT opened at $78.03 on Friday. The stock’s fifty day moving average is $73.23 and its two-hundred day moving average is $70.50. The company has a market capitalization of $20.15 billion, a P/E ratio of 24.46, a PEG ratio of 3.18 and a beta of 0.55. Alliant Energy Corporation has a 52 week low of $60.72 and a 52 week high of $78.21. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.
Alliant Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 2.7%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio is presently 67.08%.
Analyst Ratings Changes
LNT has been the topic of a number of analyst reports. Barclays set a $74.00 target price on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. BMO Capital Markets set a $81.00 price objective on Alliant Energy in a report on Monday, May 4th. Wall Street Zen raised Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Mizuho set a $76.00 price objective on Alliant Energy in a research report on Monday, May 4th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a research note on Tuesday, April 21st. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.
Get Our Latest Stock Report on Alliant Energy
Alliant Energy Profile
Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.
Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.
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