Alliant Energy Co. (NASDAQ:LNT) Stake Boosted by IFP Advisors Inc

IFP Advisors Inc increased its stake in Alliant Energy Co. (NASDAQ:LNT) by 46.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,538 shares of the company’s stock after purchasing an additional 3,018 shares during the quarter. IFP Advisors Inc’s holdings in Alliant Energy were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LNT. Janus Henderson Group PLC grew its stake in Alliant Energy by 0.6% during the 3rd quarter. Janus Henderson Group PLC now owns 10,691,172 shares of the company’s stock valued at $648,847,000 after acquiring an additional 65,110 shares in the last quarter. Geode Capital Management LLC grew its stake in Alliant Energy by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,593,166 shares of the company’s stock valued at $398,880,000 after acquiring an additional 92,525 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after acquiring an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after acquiring an additional 14,225 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Alliant Energy by 92.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after acquiring an additional 771,919 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LNT. BMO Capital Markets lifted their price target on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Barclays reduced their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Guggenheim reiterated a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Finally, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and an average target price of $63.25.

Alliant Energy Stock Up 1.1 %

LNT opened at $64.53 on Friday. The business has a 50 day moving average price of $59.94 and a 200 day moving average price of $59.93. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.76. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The firm has a market cap of $16.56 billion, a P/E ratio of 23.99, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The company had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Research analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.15%. Alliant Energy’s payout ratio is 75.46%.

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.