Orion Porfolio Solutions LLC Acquires 8,301 Shares of Alliant Energy Corporation $LNT

Orion Porfolio Solutions LLC boosted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 10.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 90,520 shares of the company’s stock after buying an additional 8,301 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Alliant Energy were worth $6,102,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Country Trust Bank purchased a new stake in Alliant Energy during the second quarter worth $30,000. First Horizon Advisors Inc. increased its holdings in shares of Alliant Energy by 84.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 516 shares of the company’s stock valued at $31,000 after acquiring an additional 237 shares during the period. MRP Capital Investments LLC purchased a new position in shares of Alliant Energy in the 3rd quarter valued at $35,000. Hantz Financial Services Inc. raised its position in shares of Alliant Energy by 256.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 560 shares of the company’s stock worth $38,000 after acquiring an additional 403 shares in the last quarter. Finally, Capital A Wealth Management LLC raised its position in shares of Alliant Energy by 5,709.1% in the 2nd quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock worth $39,000 after acquiring an additional 628 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an “overweight” rating and set a $75.00 price objective on shares of Alliant Energy in a research report on Sunday, February 22nd. HSBC upgraded shares of Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Barclays raised shares of Alliant Energy from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $65.00 to $67.00 in a research report on Wednesday, January 21st. Wall Street Zen cut shares of Alliant Energy from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Alliant Energy in a research report on Monday, November 24th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

Alliant Energy Stock Up 0.3%

Alliant Energy stock opened at $71.57 on Friday. Alliant Energy Corporation has a 1-year low of $57.09 and a 1-year high of $72.65. The business has a fifty day moving average price of $68.00 and a 200-day moving average price of $66.99. 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 stock has a market capitalization of $18.40 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 2.93 and a beta of 0.66.

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

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were issued a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 30th. Alliant Energy’s dividend payout ratio is currently 67.94%.

Alliant Energy Company Profile

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.