Duff & Phelps Investment Management Co. Has $121.59 Million Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Duff & Phelps Investment Management Co. grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,056,042 shares of the company’s stock after acquiring an additional 168,995 shares during the period. Alliant Energy accounts for approximately 1.5% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 20th biggest holding. Duff & Phelps Investment Management Co.’s holdings in Alliant Energy were worth $121,594,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC increased its position in Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy in the fourth quarter worth about $29,000. ORG Partners LLC raised its stake in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares in the last quarter. WASHINGTON TRUST Co grew its position in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after buying an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Alliant Energy in the fourth quarter worth $53,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.4 %

Shares of LNT stock opened at $63.12 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The stock has a market cap of $16.20 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.83 and a beta of 0.54. The business has a fifty day simple moving average of $61.67 and a 200-day simple moving average of $60.63. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two week high of $66.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. The firm had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. On average, analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.22%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 75.46%.

Analyst Ratings Changes

LNT has been the subject of a number of research reports. UBS Group upped their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets lifted their price target on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Finally, Guggenheim reissued a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and an average price target of $63.55.

About Alliant Energy

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.