Ameritas Investment Partners Inc. Has $1.67 Million Position in Alliant Energy Co. (NASDAQ:LNT)

Ameritas Investment Partners Inc. raised its position in Alliant Energy Co. (NASDAQ:LNT) by 105.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,166 shares of the company’s stock after buying an additional 17,030 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Alliant Energy were worth $1,672,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its holdings in shares of Alliant Energy by 5.8% during the fourth quarter. Victory Capital Management Inc. now owns 9,194,528 shares of the company’s stock worth $471,679,000 after purchasing an additional 505,101 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Alliant Energy by 68.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock worth $246,382,000 after acquiring an additional 1,948,485 shares during the period. Cohen & Steers Inc. raised its holdings in Alliant Energy by 6.2% in the 4th quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock valued at $187,325,000 after acquiring an additional 213,522 shares in the last quarter. Mairs & Power Inc. lifted its position in shares of Alliant Energy by 2.2% during the 4th quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock valued at $162,800,000 after acquiring an additional 67,550 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Alliant Energy by 2.3% during the 4th quarter. Northern Trust Corp now owns 2,491,130 shares of the company’s stock worth $127,795,000 after purchasing an additional 55,131 shares in the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company upped their price objective on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Bank of America reduced their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Barclays lifted their price target on shares of Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. LADENBURG THALM/SH SH dropped their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research note on Monday, April 29th. Finally, Scotiabank decreased their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.63.

Alliant Energy Trading Up 1.9 %

Shares of NASDAQ:LNT traded up $1.05 during mid-day trading on Wednesday, reaching $55.70. 381,210 shares of the company’s stock were exchanged, compared to its average volume of 1,726,635. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.30. The firm has a market capitalization of $14.28 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 2.61 and a beta of 0.56. The business’s fifty day moving average price is $51.44 and its 200-day moving average price is $50.00.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Friday, May 3rd. The company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. On average, research analysts predict that Alliant Energy Co. will post 3.08 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.45%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

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.