APG Asset Management N.V. Increases Stock Position in Alliant Energy Co. (NASDAQ:LNT)

APG Asset Management N.V. increased its position in Alliant Energy Co. (NASDAQ:LNT) by 17.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 115,016 shares of the company’s stock after buying an additional 16,768 shares during the period. APG Asset Management N.V.’s holdings in Alliant Energy were worth $5,462,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNT. Point72 Asset Management L.P. acquired a new position in shares of Alliant Energy in the 2nd quarter valued at about $42,367,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Alliant Energy by 61.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,099 shares of the company’s stock valued at $2,499,000 after buying an additional 18,633 shares in the last quarter. Sagefield Capital LP grew its stake in Alliant Energy by 70.5% during the second quarter. Sagefield Capital LP now owns 66,822 shares of the company’s stock worth $3,401,000 after buying an additional 27,619 shares during the period. Public Sector Pension Investment Board grew its stake in Alliant Energy by 50.8% during the second quarter. Public Sector Pension Investment Board now owns 43,516 shares of the company’s stock worth $2,215,000 after buying an additional 14,653 shares during the period. Finally, Delos Wealth Advisors LLC increased its position in shares of Alliant Energy by 26.0% in the second quarter. Delos Wealth Advisors LLC now owns 52,420 shares of the company’s stock worth $2,668,000 after acquiring an additional 10,833 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LNT shares. UBS Group upped their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. BMO Capital Markets increased their target price on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Barclays boosted their price target on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Wells Fargo & Company increased their price objective on shares of Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $50.00 to $62.50 in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.17.

Alliant Energy Stock Performance

Alliant Energy stock opened at $60.74 on Monday. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $60.86. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The stock has a market cap of $15.57 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.87 and a beta of 0.58. The stock has a 50 day moving average of $57.81 and a 200-day moving average of $53.06.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $894.00 million for the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. Alliant Energy’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.64 earnings per share. On average, analysts expect that Alliant Energy Co. will post 3.06 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend was Wednesday, July 31st. Alliant Energy’s payout ratio 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.