APG Asset Management N.V. Invests $7.98 Million in Alliant Energy Co. (NASDAQ:LNT)

APG Asset Management N.V. bought a new stake in Alliant Energy Co. (NASDAQ:LNT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 139,700 shares of the company’s stock, valued at approximately $7,979,000. APG Asset Management N.V. owned 0.05% of Alliant Energy at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. SBI Securities Co. Ltd. acquired a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $29,000. ORG Partners LLC increased its stake in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after purchasing an additional 517 shares in the last quarter. Larson Financial Group LLC raised its holdings in Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock worth $43,000 after purchasing an additional 291 shares during the period. WASHINGTON TRUST Co boosted its position in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Alliant Energy in the 4th quarter valued at $53,000. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the topic of several recent analyst reports. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Guggenheim restated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Finally, BMO Capital Markets lifted their price target on shares of 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $63.55.

Alliant Energy Price Performance

NASDAQ LNT opened at $60.21 on Friday. The firm’s 50 day moving average is $62.23 and its 200-day moving average is $60.80. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $15.47 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 12-month low of $47.23 and a 12-month high of $66.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.68 by $0.02. The firm had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $1.14 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. Equities research analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.5075 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.37%. Alliant Energy’s dividend payout ratio is 75.46%.

Alliant Energy 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.