IAG Wealth Partners LLC Acquires 985 Shares of Alliant Energy Co. (NASDAQ:LNT)

IAG Wealth Partners LLC increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 58.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,677 shares of the company’s stock after purchasing an additional 985 shares during the period. IAG Wealth Partners LLC’s holdings in Alliant Energy were worth $172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LNT. SBI Securities Co. Ltd. acquired a new stake in Alliant Energy in the fourth quarter valued at approximately $29,000. Larson Financial Group LLC boosted its stake in Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after acquiring an additional 291 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after acquiring an additional 628 shares in the last quarter. Optiver Holding B.V. boosted its stake in Alliant Energy by 382.5% in the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after acquiring an additional 723 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in Alliant Energy by 212.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company’s stock valued at $65,000 after acquiring an additional 743 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Trading Down 0.7%

Shares of Alliant Energy stock opened at $61.08 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm has a fifty day moving average price of $61.14 and a 200 day moving average price of $61.05. Alliant Energy Co. has a 1 year low of $49.40 and a 1 year high of $66.54. The stock has a market cap of $15.69 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.12. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $0.62 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. Equities research analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.32%. Alliant Energy’s dividend payout ratio (DPR) is presently 70.00%.

Analysts Set New Price Targets

LNT has been the subject of several recent analyst reports. Barclays downgraded shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. BMO Capital Markets decreased their price target on shares of Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the stock a “buy” rating in a report on Tuesday, May 20th. Wall Street Zen raised shares of Alliant Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $63.95.

Alliant Energy Company 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.