Fuller & Thaler Asset Management Inc. Boosts Holdings in Alliant Energy Co. (NASDAQ:LNT)

Fuller & Thaler Asset Management Inc. grew its position in Alliant Energy Co. (NASDAQ:LNTGet Rating) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,210 shares of the company’s stock after purchasing an additional 1,900 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Alliant Energy were worth $1,796,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Alliant Energy by 1.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,325,452 shares of the company’s stock valued at $74,198,000 after purchasing an additional 15,548 shares in the last quarter. United Capital Financial Advisers LLC acquired a new position in Alliant Energy during the 3rd quarter worth approximately $9,807,000. Robeco Institutional Asset Management B.V. lifted its position in Alliant Energy by 39.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 52,958 shares of the company’s stock worth $3,256,000 after acquiring an additional 14,932 shares in the last quarter. American Century Companies Inc. lifted its position in Alliant Energy by 14.0% during the 4th quarter. American Century Companies Inc. now owns 25,878 shares of the company’s stock worth $1,591,000 after acquiring an additional 3,169 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Alliant Energy during the 4th quarter worth approximately $215,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on LNT shares. Bank of America lowered Alliant Energy from a “neutral” rating to an “underperform” rating and upped their target price for the company from $57.00 to $60.00 in a research report on Wednesday, January 19th. Wolfe Research cut their target price on Alliant Energy from $67.00 to $65.00 in a research report on Monday, May 2nd. Finally, Wells Fargo & Company cut their target price on Alliant Energy from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $62.00.

Shares of NASDAQ LNT opened at $58.72 on Tuesday. Alliant Energy Co. has a twelve month low of $54.46 and a twelve month high of $65.37. The company has a current ratio of 0.72, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $14.73 billion, a price-to-earnings ratio of 21.67, a price-to-earnings-growth ratio of 3.74 and a beta of 0.45. The business has a 50 day simple moving average of $61.45 and a 200-day simple moving average of $59.36.

Alliant Energy (NASDAQ:LNTGet Rating) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $983.76 million. Alliant Energy had a return on equity of 11.60% and a net margin of 18.04%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.68 EPS. As a group, equities analysts predict that Alliant Energy Co. will post 2.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 16th. Investors of record on Friday, April 29th will be paid a dividend of $0.428 per share. This is an increase from Alliant Energy’s previous quarterly dividend of $0.43. This represents a $1.71 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, April 28th. Alliant Energy’s dividend payout ratio is presently 63.10%.

Alliant Energy Company Profile (Get Rating)

Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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