Union Bancaire Privee UBP SA Buys Shares of 14,282 Alliant Energy Corporation $LNT

Union Bancaire Privee UBP SA bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 4th quarter, HoldingsChannel reports. The fund bought 14,282 shares of the company’s stock, valued at approximately $928,000.

A number of other institutional investors have also made changes to their positions in LNT. Measured Wealth Private Client Group LLC acquired a new position in shares of Alliant Energy in the 3rd quarter worth approximately $27,000. Country Trust Bank purchased a new position in shares of Alliant Energy during the 2nd quarter worth approximately $30,000. MRP Capital Investments LLC acquired a new stake in Alliant Energy in the 3rd quarter valued at approximately $35,000. Hantz Financial Services Inc. increased its holdings in Alliant Energy by 256.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after purchasing an additional 403 shares during the last quarter. Finally, Capital A Wealth Management LLC raised its position in Alliant Energy by 5,709.1% in the second quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock valued at $39,000 after purchasing an additional 628 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Alliant Energy stock opened at $68.71 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.80 and a debt-to-equity ratio of 1.49. Alliant Energy Corporation has a 52-week low of $57.09 and a 52-week high of $73.41. The firm has a market cap of $17.67 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.81 and a beta of 0.66. The company’s 50 day moving average is $69.27 and its two-hundred day moving average is $67.40.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Friday, February 20th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.58 by $0.02. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $673.11 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Investors of record on Friday, January 30th were issued a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.1%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 30th. Alliant Energy’s dividend payout ratio (DPR) is 67.94%.

Analyst Upgrades and Downgrades

LNT has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $78.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, February 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $75.00 price objective on shares of Alliant Energy in a report on Sunday, February 22nd. Wolfe Research reissued an “outperform” rating and set a $76.00 target price on shares of Alliant Energy in a research note on Monday, December 1st. Argus restated a “hold” rating on shares of Alliant Energy in a report on Friday, January 9th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $78.00 target price on shares of Alliant Energy in a research report on Monday, November 24th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $75.44.

Alliant Energy Company 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.