Alliant Energy Co. (NASDAQ:LNT) Holdings Increased by Ellenbecker Investment Group

Ellenbecker Investment Group grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 56.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,182 shares of the company’s stock after buying an additional 3,322 shares during the quarter. Ellenbecker Investment Group’s holdings in Alliant Energy were worth $471,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wetzel Investment Advisors Inc. bought a new stake in shares of Alliant Energy in the 4th quarter worth approximately $26,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Alliant Energy in the fourth quarter worth approximately $38,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Alliant Energy in the third quarter worth approximately $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Alliant Energy in the fourth quarter worth approximately $43,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Alliant Energy in the third quarter worth approximately $42,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Price Performance

Shares of LNT traded up $0.08 during trading hours on Tuesday, hitting $49.97. The stock had a trading volume of 1,644,046 shares, compared to its average volume of 1,937,116. The company’s fifty day moving average is $48.74 and its two-hundred day moving average is $49.51. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.66 and a beta of 0.55.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). The business had revenue of $961.00 million for the quarter, compared to the consensus estimate of $1.25 billion. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. During the same period in the prior year, the business earned $0.46 earnings per share. On average, analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.84%. Alliant Energy’s dividend payout ratio is currently 69.06%.

Insider Activity at Alliant Energy

In other news, CEO Lisa M. Barton bought 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the purchase, the chief executive officer now owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on LNT shares. Bank of America decreased their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Barclays reissued an “equal weight” rating and issued a $53.00 target price (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. Scotiabank reduced their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research note on Monday. Finally, BMO Capital Markets boosted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.36.

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.