Alliant Energy Corporation $LNT Shares Acquired by Jennison Associates LLC

Jennison Associates LLC grew its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 92.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,805,214 shares of the company’s stock after purchasing an additional 867,256 shares during the quarter. Jennison Associates LLC’s holdings in Alliant Energy were worth $117,357,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Glenmede Investment Management LP boosted its holdings in shares of Alliant Energy by 0.7% in the third quarter. Glenmede Investment Management LP now owns 22,793 shares of the company’s stock valued at $1,536,000 after acquiring an additional 153 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Alliant Energy by 1.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 9,117 shares of the company’s stock valued at $615,000 after acquiring an additional 158 shares during the period. Apollon Wealth Management LLC raised its position in Alliant Energy by 4.8% in the 4th quarter. Apollon Wealth Management LLC now owns 3,517 shares of the company’s stock valued at $229,000 after purchasing an additional 161 shares during the last quarter. Simplicity Wealth LLC boosted its stake in Alliant Energy by 5.5% during the 4th quarter. Simplicity Wealth LLC now owns 3,216 shares of the company’s stock worth $209,000 after purchasing an additional 167 shares during the period. Finally, Rehmann Capital Advisory Group boosted its stake in Alliant Energy by 4.7% during the 3rd quarter. Rehmann Capital Advisory Group now owns 4,316 shares of the company’s stock worth $291,000 after purchasing an additional 192 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on LNT shares. Mizuho lifted their price objective on shares of Alliant Energy from $73.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, March 16th. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. BMO Capital Markets restated an “outperform” rating and issued a $79.00 price target (up from $78.00) on shares of Alliant Energy in a research report on Friday, April 17th. Royal Bank Of Canada began coverage on Alliant Energy in a research report on Wednesday, March 11th. They set an “outperform” rating and a $82.00 price objective for the company. Finally, Barclays set a $74.00 target price on Alliant Energy and gave the company an “equal weight” rating in a research note on Wednesday, April 15th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $76.44.

Alliant Energy Stock Performance

Shares of LNT stock traded up $0.75 during mid-day trading on Thursday, hitting $72.75. The stock had a trading volume of 89,556 shares, compared to its average volume of 2,393,081. The firm has a market cap of $18.79 billion, a PE ratio of 23.10, a PEG ratio of 2.96 and a beta of 0.61. The company’s 50-day simple moving average is $71.77 and its 200-day simple moving average is $68.65. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.66. Alliant Energy Corporation has a fifty-two week low of $58.97 and a fifty-two week high of $74.40.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Friday, February 20th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $673.11 million. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.70 earnings per share. Sell-side analysts anticipate that Alliant Energy Corporation will post 3.42 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $0.535 dividend. This represents a $2.14 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Thursday, April 30th. Alliant Energy’s dividend payout ratio (DPR) is currently 67.94%.

About Alliant Energy

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.