Dimensional Fund Advisors LP Increases Stake in Alliant Energy Corporation $LNT

Dimensional Fund Advisors LP grew its position in Alliant Energy Corporation (NASDAQ:LNT) by 3.3% during the 1st quarter, Holdings Channel reports. The fund owned 1,383,646 shares of the company’s stock after buying an additional 44,474 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Alliant Energy were worth $99,287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LNT. Measured Wealth Private Client Group LLC acquired a new stake in Alliant Energy in the third quarter valued at about $27,000. Caitong International Asset Management Co. Ltd increased its position in Alliant Energy by 235.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 634 shares of the company’s stock worth $41,000 after purchasing an additional 445 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Alliant Energy during the 2nd quarter worth approximately $46,000. Quantbot Technologies LP acquired a new stake in shares of Alliant Energy in the 3rd quarter valued at approximately $54,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of Alliant Energy by 277.8% in the 4th quarter. Sound Income Strategies LLC now owns 816 shares of the company’s stock valued at $55,000 after buying an additional 600 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. TD Cowen initiated coverage on Alliant Energy in a research note on Tuesday, July 7th. They issued a “hold” rating and a $83.00 price target on the stock. Scotiabank reiterated a “sector perform” rating and issued a $74.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Wells Fargo & Company reissued an “overweight” rating and issued a $76.00 target price on shares of Alliant Energy in a report on Tuesday, April 21st. Barclays set a $74.00 target price on shares of Alliant Energy and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Weiss Ratings cut shares of Alliant Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday. Nine research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.09.

Alliant Energy Stock Down 2.4%

Alliant Energy stock opened at $72.00 on Thursday. Alliant Energy Corporation has a fifty-two week low of $63.28 and a fifty-two week high of $78.81. The firm has a market capitalization of $18.60 billion, a price-to-earnings ratio of 22.57, a price-to-earnings-growth ratio of 2.74 and a beta of 0.55. The stock’s fifty day moving average is $74.20 and its two-hundred day moving average is $71.78. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.53 and a current ratio of 0.69.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.82. Alliant Energy had a return on equity of 11.37% and a net margin of 18.58%.The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Analysts predict that Alliant Energy Corporation will post 3.43 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a yield of 3.0%. The ex-dividend date is Friday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 67.08%.

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.