Alliant Energy Corporation $LNT Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Alliant Energy Corporation (NASDAQ:LNT) by 14.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,789 shares of the company’s stock after purchasing an additional 12,391 shares during the quarter. SG Americas Securities LLC’s holdings in Alliant Energy were worth $6,292,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Alliant Energy during the third quarter worth $27,000. MRP Capital Investments LLC acquired a new stake in shares of Alliant Energy in the third quarter valued at $35,000. Hantz Financial Services Inc. raised its holdings 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 valued at $38,000 after buying an additional 403 shares during the period. Capital A Wealth Management LLC lifted its stake in Alliant Energy by 5,709.1% during 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. Finally, Sentry Investment Management LLC acquired a new position in Alliant Energy during the 3rd quarter worth about $44,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

Shares of LNT opened at $71.76 on Wednesday. Alliant Energy Corporation has a 1 year low of $57.09 and a 1 year high of $73.41. The stock has a market capitalization of $18.45 billion, a PE ratio of 22.78, a PEG ratio of 2.93 and a beta of 0.66. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. The stock has a 50-day simple moving average of $69.78 and a 200-day simple moving average of $67.71.

Alliant Energy (NASDAQ:LNT) last released 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. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $673.11 million. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

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

Analysts Set New Price Targets

Several research firms have weighed in on LNT. Mizuho lifted their target price on Alliant Energy from $73.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, March 16th. BMO Capital Markets reissued an “outperform” rating and set a $78.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, February 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Alliant Energy in a research note on Monday, December 29th. Barclays upgraded shares of Alliant Energy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $65.00 to $67.00 in a report on Wednesday, January 21st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $75.00 target price on shares of Alliant Energy in a research note on Sunday, February 22nd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Alliant Energy has a consensus rating of “Moderate Buy” and an average price target of $75.44.

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.