Swiss National Bank Has $42.86 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Swiss National Bank trimmed its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 724,700 shares of the company’s stock after selling 34,400 shares during the period. Swiss National Bank’s holdings in Alliant Energy were worth $42,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Natixis Advisors LLC increased its holdings in Alliant Energy by 14.7% during the third quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock worth $11,915,000 after buying an additional 25,161 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Alliant Energy during the third quarter worth $4,742,000. Charles Schwab Investment Management Inc. boosted its position in Alliant Energy by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after purchasing an additional 14,225 shares during the period. Park Avenue Securities LLC bought a new position in Alliant Energy during the fourth quarter worth $257,000. Finally, Daiwa Securities Group Inc. boosted its position in Alliant Energy by 22.3% during the third quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company’s stock worth $3,253,000 after purchasing an additional 9,780 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Trading Up 1.2 %

Shares of Alliant Energy stock opened at $62.95 on Monday. The firm has a 50-day moving average of $60.73 and a 200-day moving average of $60.37. The stock has a market cap of $16.16 billion, a PE ratio of 23.40, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. As a group, sell-side analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were given a dividend of $0.5075 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. This represents a $2.03 annualized dividend and a yield of 3.22%. Alliant Energy’s dividend payout ratio is currently 75.46%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. BMO Capital Markets lifted their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Monday, February 24th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.25.

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.