Inceptionr LLC Takes Position in Alliant Energy Corporation $LNT

Inceptionr LLC purchased a new position in shares of Alliant Energy Corporation (NASDAQ:LNT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,000 shares of the company’s stock, valued at approximately $809,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LNT. Centaurus Financial Inc. grew its position in Alliant Energy by 9.7% in the second quarter. Centaurus Financial Inc. now owns 1,896 shares of the company’s stock valued at $115,000 after acquiring an additional 167 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Alliant Energy by 1.1% during the third quarter. Blair William & Co. IL now owns 17,538 shares of the company’s stock worth $1,182,000 after purchasing an additional 193 shares in the last quarter. CFC Planning Co LLC boosted its stake in shares of Alliant Energy by 3.7% in the second quarter. CFC Planning Co LLC now owns 5,451 shares of the company’s stock valued at $330,000 after purchasing an additional 197 shares during the period. Ibex Wealth Advisors boosted its stake in shares of Alliant Energy by 3.9% in the third quarter. Ibex Wealth Advisors now owns 5,335 shares of the company’s stock valued at $360,000 after purchasing an additional 202 shares during the period. Finally, Prime Capital Investment Advisors LLC grew its holdings in Alliant Energy by 3.5% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 6,114 shares of the company’s stock valued at $412,000 after purchasing an additional 205 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Alliant Energy stock opened at $71.61 on Tuesday. The company has a debt-to-equity ratio of 1.49, a current ratio of 0.80 and a quick ratio of 0.66. Alliant Energy Corporation has a 12 month low of $57.09 and a 12 month high of $72.65. The company has a fifty day moving average price of $68.13 and a two-hundred day moving average price of $67.03. The company has a market cap of $18.41 billion, a PE ratio of 22.73, a P/E/G ratio of 2.93 and a beta of 0.66.

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

Alliant Energy Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays upgraded shares of Alliant Energy from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $65.00 to $67.00 in a report on Wednesday, January 21st. Wells Fargo & Company restated an “overweight” rating and set a $75.00 target price on shares of Alliant Energy in a research note on Sunday, February 22nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $78.00 target price on shares of Alliant Energy in a research report on Monday, November 24th. Mizuho set a $73.00 price target on Alliant Energy in a research note on Monday, February 23rd. Finally, Argus restated a “hold” rating on shares of Alliant Energy in a research note on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Alliant Energy has an average rating of “Moderate Buy” and an average target price of $74.50.

Alliant Energy 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.