Alliant Energy Co. (NASDAQ:LNT) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,916 shares of the company’s stock after purchasing an additional 1,233 shares during the period. OLD National Bancorp IN’s holdings in Alliant Energy were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. acquired a new position in Alliant Energy during the third quarter valued at $2,977,000. Fifth Third Bancorp raised its position in shares of Alliant Energy by 9.5% in the third quarter. Fifth Third Bancorp now owns 33,941 shares of the company’s stock worth $1,644,000 after acquiring an additional 2,947 shares during the period. Everence Capital Management Inc. raised its position in shares of Alliant Energy by 239.1% in the fourth quarter. Everence Capital Management Inc. now owns 25,260 shares of the company’s stock worth $1,296,000 after acquiring an additional 17,810 shares during the period. Metis Global Partners LLC raised its position in shares of Alliant Energy by 21.4% in the third quarter. Metis Global Partners LLC now owns 9,178 shares of the company’s stock worth $445,000 after acquiring an additional 1,616 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Alliant Energy by 3.6% in the third quarter. HighTower Advisors LLC now owns 41,460 shares of the company’s stock worth $2,004,000 after acquiring an additional 1,439 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Alliant Energy

In other Alliant Energy news, CEO Lisa M. Barton acquired 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average price of $48.56 per share, with a total value of $53,416.00. Following the purchase, the chief executive officer now owns 36,444 shares in the company, valued at $1,769,720.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by corporate insiders.

Alliant Energy Stock Up 0.8 %

LNT opened at $50.37 on Thursday. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.26. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average price of $48.84 and a 200 day moving average price of $49.53. The company has a market cap of $12.90 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 2.67 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The company had revenue of $961.00 million for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company earned $0.46 EPS. Sell-side analysts expect that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 annualized dividend and a yield of 3.81%. Alliant Energy’s dividend payout ratio is presently 69.06%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LNT shares. BMO Capital Markets upped their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, April 15th. Barclays reiterated an “equal weight” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. Scotiabank decreased their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday. Finally, Bank of America decreased their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.36.

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.