OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Alliant Energy Corporation (NASDAQ:LNT – Free Report) by 26.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,205 shares of the company’s stock after selling 78,775 shares during the period. Alliant Energy comprises 1.7% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings, making the stock its 12th largest holding. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Alliant Energy were worth $14,576,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Alliant Energy by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 33,785,294 shares of the company’s stock worth $2,196,382,000 after acquiring an additional 383,612 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Alliant Energy by 2.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,173,906 shares of the company’s stock worth $466,376,000 after acquiring an additional 167,581 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Alliant Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 7,071,908 shares of the company’s stock worth $458,071,000 after acquiring an additional 128,998 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Alliant Energy by 5.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 4,067,962 shares of the company’s stock worth $264,458,000 after acquiring an additional 215,188 shares in the last quarter. Finally, Cohen & Steers Inc. boosted its position in shares of Alliant Energy by 41.7% during the 4th quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock worth $235,004,000 after acquiring an additional 1,063,268 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.
Alliant Energy Price Performance
Shares of NASDAQ LNT opened at $73.55 on Tuesday. Alliant Energy Corporation has a twelve month low of $59.62 and a twelve month high of $75.76. The firm has a fifty day simple moving average of $72.43 and a 200 day simple moving average of $69.66. The company has a market capitalization of $19.00 billion, a PE ratio of 23.06, a P/E/G ratio of 2.98 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 0.69 and a debt-to-equity ratio of 1.48.
Alliant Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, April 30th were paid a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Thursday, April 30th. Alliant Energy’s payout ratio is 67.08%.
Wall Street Analyst Weigh In
LNT has been the topic of several analyst reports. Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. BMO Capital Markets set a $81.00 price objective on shares of Alliant Energy in a research note on Monday, May 4th. Scotiabank restated a “sector perform” rating and issued a $74.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Barclays set a $74.00 target price on shares of Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Finally, Royal Bank Of Canada began coverage on shares of Alliant Energy in a research report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.60.
Check Out Our Latest Stock Analysis on Alliant Energy
Alliant Energy 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.
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