7,000 Shares in Alliant Energy Co. (NASDAQ:LNT) Purchased by Ipsen Advisor Group LLC

Ipsen Advisor Group LLC bought a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 7,000 shares of the company’s stock, valued at approximately $414,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC acquired a new position in Alliant Energy during the 4th quarter worth $355,000. Vanguard Group Inc. raised its stake in shares of Alliant Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company’s stock valued at $1,931,732,000 after purchasing an additional 226,275 shares in the last quarter. Mizuho Securities USA LLC lifted its holdings in Alliant Energy by 46.2% in the fourth quarter. Mizuho Securities USA LLC now owns 24,320 shares of the company’s stock worth $1,438,000 after purchasing an additional 7,687 shares during the period. Whittier Trust Co. grew its position in Alliant Energy by 80.4% in the 4th quarter. Whittier Trust Co. now owns 3,141 shares of the company’s stock valued at $186,000 after buying an additional 1,400 shares in the last quarter. Finally, Enhancing Capital LLC acquired a new position in Alliant Energy during the 4th quarter valued at about $1,866,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LNT. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Guggenheim restated a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets increased their price target on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday, February 24th. Finally, UBS Group boosted their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $63.55.

Alliant Energy Trading Down 1.4 %

NASDAQ LNT opened at $62.10 on Wednesday. The firm’s 50 day moving average price is $61.52 and its two-hundred day moving average price is $60.60. The stock has a market cap of $15.94 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

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

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a dividend of $0.5075 per share. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 75.46%.

About Alliant Energy

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.