Alliant Energy Corporation $LNT Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its position in Alliant Energy Corporation (NASDAQ:LNT) by 105.4% in the third quarter, HoldingsChannel reports. The firm owned 14,186 shares of the company’s stock after buying an additional 7,278 shares during the period. Fulcrum Asset Management LLP’s holdings in Alliant Energy were worth $956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in Alliant Energy in the 3rd quarter valued at about $27,000. Country Trust Bank acquired a new stake in shares of Alliant Energy during the 2nd quarter worth approximately $30,000. MRP Capital Investments LLC acquired a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $35,000. Hantz Financial Services Inc. raised its position in shares of Alliant Energy by 256.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock valued at $38,000 after buying an additional 403 shares during the period. Finally, Capital A Wealth Management LLC raised its position in shares of Alliant Energy by 5,709.1% during the 2nd quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock valued at $39,000 after buying an additional 628 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Royal Bank Of Canada initiated coverage on Alliant Energy in a report on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 price objective on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $75.00 target price on shares of Alliant Energy in a research report on Sunday, February 22nd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $78.00 price target on shares of Alliant Energy in a research note on Monday, November 24th. UBS Group set a $75.00 price target on Alliant Energy and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $78.00 price objective (up from $72.00) on shares of Alliant Energy in a research report on Monday, February 23rd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $75.44.

Alliant Energy Stock Down 0.5%

Shares of NASDAQ:LNT opened at $72.63 on Wednesday. The firm has a market capitalization of $18.68 billion, a PE ratio of 23.06, a price-to-earnings-growth ratio of 2.99 and a beta of 0.66. Alliant Energy Corporation has a 1 year low of $57.09 and a 1 year high of $73.41. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.66. The firm’s 50-day moving average is $68.94 and its two-hundred day moving average is $67.30.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Friday, February 20th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $673.11 million. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share. Analysts predict that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were given a $0.535 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.14 annualized dividend and a yield of 2.9%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s dividend payout ratio is 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.