Delta Global Management LP Acquires New Shares in Alliant Energy Corporation $LNT

Delta Global Management LP bought a new position in Alliant Energy Corporation (NASDAQ:LNT) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 26,618 shares of the company’s stock, valued at approximately $1,794,000.

Several other large investors have also recently bought and sold shares of LNT. Country Trust Bank bought a new position in Alliant Energy in the 2nd quarter valued at approximately $30,000. MRP Capital Investments LLC bought a new stake in Alliant Energy during the 3rd quarter worth approximately $35,000. Hantz Financial Services Inc. grew its holdings in Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after acquiring an additional 403 shares during the last quarter. Capital A Wealth Management LLC increased its position in Alliant Energy by 5,709.1% in the 2nd quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock valued at $39,000 after acquiring an additional 628 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new position in Alliant Energy in the 2nd quarter valued at approximately $40,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Trading Up 0.3%

NASDAQ:LNT opened at $73.03 on Tuesday. The firm’s fifty day moving average is $68.79 and its 200-day moving average is $67.24. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. 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 $18.78 billion, a P/E ratio of 23.18, a P/E/G ratio of 2.98 and a beta of 0.66.

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

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were given a $0.535 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. Alliant Energy’s dividend payout ratio is 67.94%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LNT. Wells Fargo & Company reiterated an “overweight” rating and set a $75.00 price target on shares of Alliant Energy in a report on Sunday, February 22nd. Argus restated a “hold” rating on shares of Alliant Energy in a report on Friday, January 9th. Wolfe Research reaffirmed an “outperform” rating and set a $76.00 target price on shares of Alliant Energy in a research report on Monday, December 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a report on Monday, November 24th. Finally, Royal Bank Of Canada started coverage on Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.