Vaughan Nelson Investment Management L.P. Grows Holdings in Alliant Energy Corporation $LNT

Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 23.1% in the fourth quarter, HoldingsChannel reports. The fund owned 869,740 shares of the company’s stock after acquiring an additional 163,165 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Alliant Energy were worth $56,542,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Measured Wealth Private Client Group LLC bought a new position in shares of Alliant Energy during the third quarter valued at approximately $27,000. MRP Capital Investments LLC purchased a new position in shares of Alliant Energy during the third quarter valued at approximately $35,000. Hantz Financial Services Inc. boosted its position in shares of Alliant Energy by 256.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after purchasing an additional 403 shares in the last quarter. Capital A Wealth Management LLC grew its stake in shares of Alliant Energy by 5,709.1% in the 2nd quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock worth $39,000 after buying an additional 628 shares during the last quarter. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Alliant Energy in the 2nd quarter worth approximately $40,000. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LNT. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, March 1st. Barclays raised Alliant Energy from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $65.00 to $67.00 in a research note on Wednesday, January 21st. Mizuho lifted their price target on Alliant Energy from $73.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, March 16th. HSBC upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company restated an “overweight” rating and set a $75.00 price objective on shares of Alliant Energy in a research note on Sunday, February 22nd. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.44.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $71.49 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.89 and a beta of 0.66. The business has a 50-day simple moving average of $69.69 and a two-hundred day simple moving average of $67.66. Alliant Energy Corporation has a fifty-two week low of $57.09 and a fifty-two week high of $73.41.

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

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were paid a dividend of $0.535 per share. The ex-dividend date was Friday, January 30th. This represents a $2.14 dividend on an annualized basis and a yield of 3.0%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s dividend payout ratio (DPR) is presently 67.94%.

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.