Lake Street Advisors Group LLC Invests $201,000 in Alliant Energy Co. (NASDAQ:LNT)

Lake Street Advisors Group LLC acquired a new position in Alliant Energy Co. (NASDAQ:LNT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,399 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors have also recently made changes to their positions in the business. Vaughan David Investments LLC IL grew its position in shares of Alliant Energy by 0.7% during the fourth quarter. Vaughan David Investments LLC IL now owns 763,326 shares of the company’s stock worth $45,143,000 after purchasing an additional 5,035 shares in the last quarter. IFP Advisors Inc grew its position in shares of Alliant Energy by 46.3% during the fourth quarter. IFP Advisors Inc now owns 9,538 shares of the company’s stock worth $575,000 after purchasing an additional 3,018 shares in the last quarter. RWC Asset Management LLP purchased a new stake in shares of Alliant Energy during the fourth quarter worth about $6,278,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Alliant Energy during the fourth quarter worth about $716,000. Finally, Ascent Wealth Partners LLC grew its position in shares of Alliant Energy by 1.3% during the fourth quarter. Ascent Wealth Partners LLC now owns 25,778 shares of the company’s stock worth $1,525,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of Alliant Energy stock opened at $64.53 on Friday. The stock has a market cap of $16.56 billion, a price-to-earnings ratio of 23.99, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60. 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 stock 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 one year low of $46.80 and a one year high of $64.76.

Alliant Energy (NASDAQ:LNT) last announced its 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. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Equities analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a $0.5075 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. 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%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Wells Fargo & Company cut 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. BMO Capital Markets raised 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 cut 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. Finally, Guggenheim restated a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Alliant Energy presently has an average rating of “Hold” and an average target price of $63.25.

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.