Iowa State Bank bought a new stock position in Alliant Energy Co. (NASDAQ:LNT – Get Rating) in Q4, according to the company in its latest filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,365 shares of the company, valued at around $207,000.
A number of other hedge funds have also recently changed their stock holdings. Veritable LP increased its stake in Alliant Energy by 2.0% during the third quarter. Veritable LP now owns 9,148 shares of the company worth $512,000 after purchasing an additional 182 shares during the period. Madison Wealth Partners Inc increased its stake in Alliant Energy by 0.8% during the fourth quarter. Madison Wealth Partners Inc now owns 24,470 shares of the company worth $1,504,000 after purchasing an additional 188 shares during the period. Mutual of America Capital Management LLC increased its stake in Alliant Energy by 0.6% during the third quarter. Mutual of America Capital Management LLC now owns 32,834 shares of the company worth $1,838,000 after purchasing an additional 190 shares during the period. Brookstone Capital Management increased its stake in Alliant Energy by 4.8% during the third quarter. Brookstone Capital Management now owns 4,949 shares of the company worth $274,000 after purchasing an additional 227 shares during the period. Finally, First Republic Investment Management Inc. increased its stake in Alliant Energy by 3.7% during the third quarter. First Republic Investment Management Inc. now owns 7,070 shares of the company worth $396,000 after purchasing an additional 251 shares during the period. 74.42% of the shares are held by hedge funds and other institutional investors.
Alliant Energy stock traded down $0.49 during trading hours on Friday, hitting $64.82. 1,003,695 shares of the company were traded, against an average volume of 1,158,387. The company has a market capitalization of $16.26 billion, a P/E ratio of 24.74, a P/E ratio/ G of 3.89 and a beta of 0.44. The company has a quick ratio of 0.40, a current ratio of 0.52 and a debt ratio of 1.12. The company’s 50-day simple moving average is $59.84 and its two-hundred-day simple moving average is $58.56. Alliant Energy Co. has a 1-year low of $53.80 and a 1-year high of $65.24.
Alliant Energy (NASDAQ:LNT – Get Rating) last released its quarterly earnings data on Thursday, February 17. The company reported earnings per share of $0.35 for the quarter, matching Thomson Reuters consensus estimate of $0.35. Alliant Energy posted a net margin of 18.37% and a return on equity of 11.44%. The company had revenue of $927.00 million during the quarter. In the same quarter last year, the company posted EPS of $0.24. On average, equity research analysts expect Alliant Energy Co. to post earnings per share of 2.75 for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 15. Shareholders of record on Monday, January 31 received a dividend of $0.4275. This represents an annualized dividend of $1.71 and a dividend yield of 2.64%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, January 28. Alliant Energy’s dividend payout ratio (DPR) is currently 65.27%.
Several brokerages have recently weighed in on LNT. Zacks Investment Research downgraded Alliant Energy’s shares from a “buy” rating to a “hold” rating and set a target price of $63.00 for the company. in a research note from Tuesday, December 14. Bank of America downgraded Alliant Energy shares from a “neutral” rating to an “underperforming” rating and raised its price target for the company from $57.00 to $60.00 in a rating of research from Wednesday, January 19. Finally, Wells Fargo & Company cut its price target on Alliant Energy shares from $61.00 to $60.00 and set an “equal weight” rating on the stock in a Tuesday research note. February 22. One research analyst rated the stock with a sell rating, five gave the company a hold rating, and two gave the company a buy rating. Based on data from MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus target price of $61.50.
Alliant Energy Company Profile (Get an assessment)
Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through three segments: Utility Electricity Operations, Utility Gas Operations and Other Utilities. 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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