Norinchukin Bank The Acquires 264 Shares of Alliant Energy Co. (NASDAQ:LNT)

Norinchukin Bank The boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 10,048 shares of the company’s stock after buying an additional 264 shares during the period. Norinchukin Bank The’s holdings in Alliant Energy were worth $594,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. RDA Financial Network lifted its holdings in shares of Alliant Energy by 2.4% in the fourth quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after buying an additional 184 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Alliant Energy by 8.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,509 shares of the company’s stock valued at $148,000 after acquiring an additional 191 shares during the last quarter. Savant Capital LLC lifted its stake in Alliant Energy by 1.5% in the 4th quarter. Savant Capital LLC now owns 15,937 shares of the company’s stock worth $942,000 after purchasing an additional 237 shares in the last quarter. City State Bank boosted its holdings in shares of Alliant Energy by 0.4% during the 4th quarter. City State Bank now owns 71,547 shares of the company’s stock valued at $4,231,000 after purchasing an additional 257 shares during the last quarter. Finally, Accredited Investors Inc. grew its position in shares of Alliant Energy by 7.6% during the fourth quarter. Accredited Investors Inc. now owns 3,691 shares of the company’s stock valued at $218,000 after purchasing an additional 262 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 2.9 %

LNT stock opened at $61.03 on Wednesday. The firm’s fifty day simple moving average is $62.36 and its two-hundred day simple moving average is $60.82. The stock has a market capitalization of $15.68 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. 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 twelve month low of $49.05 and a twelve month high of $66.54.

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

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Wednesday, April 30th. Alliant Energy’s payout ratio is currently 75.46%.

Analyst Ratings Changes

A number of research firms recently commented on LNT. Barclays downgraded Alliant Energy from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $59.00 to $61.00 in a research report on Tuesday. UBS Group upped their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Guggenheim reiterated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Finally, BMO Capital Markets reduced their price target on shares of Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.55.

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.