Nikulski Financial Inc. Purchases New Stake in Alliant Energy Corporation $LNT

Nikulski Financial Inc. acquired a new position in Alliant Energy Corporation (NASDAQ:LNT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,819 shares of the company’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Alliant Energy during the 3rd quarter worth approximately $27,000. MRP Capital Investments LLC acquired a new position in Alliant Energy in the third quarter valued at approximately $35,000. Hantz Financial Services Inc. lifted its holdings in Alliant Energy by 256.7% in the third 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 boosted its stake in Alliant Energy by 5,709.1% in the second quarter. Capital A Wealth Management LLC now owns 639 shares of the company’s stock valued at $39,000 after acquiring an additional 628 shares during the last quarter. Finally, Sentry Investment Management LLC acquired a new stake in Alliant Energy during the 3rd quarter worth $44,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Trading Up 0.4%

NASDAQ LNT opened at $71.76 on Wednesday. Alliant Energy Corporation has a one year low of $57.09 and a one year high of $73.41. 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 firm has a market cap of $18.45 billion, a P/E ratio of 22.78, a P/E/G ratio of 2.93 and a beta of 0.66. The stock’s 50-day moving average is $69.78 and its 200-day moving average is $67.71.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data 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. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $673.11 million. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.Alliant Energy’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 EPS. Sell-side analysts anticipate that Alliant Energy Corporation will post 3.23 earnings per share 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 given a dividend of $0.535 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, January 30th. Alliant Energy’s payout ratio is currently 67.94%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays upgraded shares of Alliant Energy from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $65.00 to $67.00 in a research report on Wednesday, January 21st. UBS Group set a $75.00 price objective on Alliant Energy and gave the stock a “buy” rating in a research note on Wednesday, December 17th. HSBC upgraded Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Royal Bank Of Canada began coverage on Alliant Energy in a research note on Wednesday, March 11th. They issued an “outperform” rating and a $82.00 target price on the stock. Finally, BMO Capital Markets restated an “outperform” rating and set a $78.00 target price (up from $72.00) on shares of Alliant Energy in a research report on Monday, February 23rd. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.