Alliancebernstein L.P. Has $31.76 Million Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Alliancebernstein L.P. raised its holdings in Alliant Energy Co. (NASDAQ:LNT) by 0.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 536,986 shares of the company’s stock after acquiring an additional 327 shares during the quarter. Alliancebernstein L.P. owned approximately 0.21% of Alliant Energy worth $31,757,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Captrust Financial Advisors raised its position in Alliant Energy by 53.5% during the 3rd quarter. Captrust Financial Advisors now owns 12,127 shares of the company’s stock worth $736,000 after purchasing an additional 4,226 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Alliant Energy by 11.0% in the third quarter. HighTower Advisors LLC now owns 37,386 shares of the company’s stock valued at $2,271,000 after buying an additional 3,704 shares during the period. Investment Management Corp of Ontario raised its position in shares of Alliant Energy by 44.6% during the third quarter. Investment Management Corp of Ontario now owns 8,426 shares of the company’s stock worth $511,000 after acquiring an additional 2,600 shares during the last quarter. Quantinno Capital Management LP lifted its stake in shares of Alliant Energy by 5.8% in the third quarter. Quantinno Capital Management LP now owns 29,928 shares of the company’s stock worth $1,816,000 after acquiring an additional 1,649 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Alliant Energy by 20.1% in the third quarter. Stifel Financial Corp now owns 118,582 shares of the company’s stock valued at $7,197,000 after acquiring an additional 19,807 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT stock opened at $61.36 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company’s 50-day moving average is $62.16 and its 200-day moving average is $60.82. The stock has a market capitalization of $15.75 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 2.83 and a beta of 0.52. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Equities research analysts expect that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.31%. Alliant Energy’s payout ratio is 75.46%.

Wall Street Analysts Forecast Growth

LNT has been the subject of several analyst reports. Guggenheim restated a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. BMO Capital Markets lifted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. UBS Group upped their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.55.

Alliant Energy Profile

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.