Sei Investments Co. Has $11.30 Million Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Sei Investments Co. increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 143.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,080 shares of the company’s stock after acquiring an additional 130,972 shares during the period. Sei Investments Co. owned about 0.09% of Alliant Energy worth $11,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gilbert & Cook Inc. grew its holdings in shares of Alliant Energy by 5.6% during the fourth quarter. Gilbert & Cook Inc. now owns 6,097 shares of the company’s stock worth $313,000 after purchasing an additional 323 shares during the last quarter. Corient Private Wealth LLC lifted its position in Alliant Energy by 28.1% during the 4th quarter. Corient Private Wealth LLC now owns 41,195 shares of the company’s stock worth $2,113,000 after buying an additional 9,049 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Alliant Energy by 11.0% during the 4th quarter. Orion Portfolio Solutions LLC now owns 40,978 shares of the company’s stock worth $2,144,000 after acquiring an additional 4,068 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Alliant Energy by 7.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 67,500 shares of the company’s stock valued at $3,463,000 after acquiring an additional 4,765 shares in the last quarter. Finally, Hsbc Holdings PLC raised its stake in shares of Alliant Energy by 24.9% in the fourth quarter. Hsbc Holdings PLC now owns 348,752 shares of the company’s stock worth $17,861,000 after acquiring an additional 69,589 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LNT. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Barclays upped their price target on Alliant Energy from $52.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Jefferies Financial Group started coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Bank of America upped their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Scotiabank lifted their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.17.

Alliant Energy Trading Up 1.4 %

NASDAQ:LNT opened at $60.74 on Friday. The company has a market cap of $15.58 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.87 and a beta of 0.58. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $60.86. The business has a 50 day moving average price of $57.81 and a two-hundred day moving average price of $53.01. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31.

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

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, July 31st. This represents a $1.92 annualized dividend and a yield of 3.16%. Alliant Energy’s payout ratio is presently 69.82%.

Alliant Energy Company 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.