Wilmington Savings Fund Society FSB Invests $72,000 in Alliant Energy Co. (NASDAQ:LNT)

Wilmington Savings Fund Society FSB acquired a new stake in Alliant Energy Co. (NASDAQ:LNT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,186 shares of the company’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in Alliant Energy in the 2nd quarter worth approximately $42,367,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Alliant Energy by 8.5% in the third 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 during the last quarter. Weiss Asset Management LP purchased a new position in shares of Alliant Energy in the third quarter worth $10,705,000. Millennium Management LLC raised its holdings in Alliant Energy by 2,141.3% during the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock valued at $9,182,000 after buying an additional 172,353 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in Alliant Energy by 184.7% during the 3rd quarter. National Bank of Canada FI now owns 202,008 shares of the company’s stock valued at $12,259,000 after buying an additional 131,053 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 1.2 %

LNT opened at $58.95 on Friday. 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 52 week low of $46.80 and a 52 week high of $64.19. The stock has a market cap of $15.13 billion, a PE ratio of 22.85, a PEG ratio of 2.98 and a beta of 0.59. The business has a 50 day moving average of $60.72 and a 200-day moving average of $57.47.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 earnings per share. Equities research analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LNT shares. Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Jefferies Financial Group began coverage on Alliant Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective for the company. Mizuho boosted their target price on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Finally, Barclays decreased their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.39.

About Alliant Energy

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.