Delta Global Management LP Makes New $1.79 Million Investment in Alliant Energy Corporation $LNT

Delta Global Management LP purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 26,618 shares of the company’s stock, valued at approximately $1,794,000.

Other large investors also recently modified their holdings of the company. Country Trust Bank bought a new stake in shares of Alliant Energy in the 2nd quarter valued at $30,000. MRP Capital Investments LLC bought a new position in Alliant Energy during the third quarter worth $35,000. Hantz Financial Services Inc. grew 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 worth $38,000 after purchasing an additional 403 shares during the period. Capital A Wealth Management LLC grew its holdings 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 worth $39,000 after purchasing an additional 628 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new stake in Alliant Energy in the second quarter valued at $40,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LNT shares. BMO Capital Markets reiterated an “outperform” rating and set a $78.00 price objective (up from $72.00) on shares of Alliant Energy in a report on Monday, February 23rd. Barclays raised Alliant Energy from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $65.00 to $67.00 in a research report on Wednesday, January 21st. Wall Street Zen downgraded Alliant Energy from a “hold” rating to a “sell” rating in a research note on Sunday, March 1st. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company restated an “overweight” rating and set a $75.00 price objective on shares of Alliant Energy in a report on Sunday, February 22nd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $75.44.

Alliant Energy Trading Up 0.3%

LNT opened at $73.03 on Tuesday. Alliant Energy Corporation has a fifty-two week low of $57.09 and a fifty-two week high of $73.41. The firm has a market capitalization of $18.78 billion, a PE ratio of 23.18, a P/E/G ratio of 2.98 and a beta of 0.66. 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 company’s 50-day moving average is $68.79 and its 200 day moving average is $67.24.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Friday, February 20th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $673.11 million. Alliant Energy had a return on equity of 11.51% and a net margin of 18.57%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.70 EPS. As a group, research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 17th. Stockholders of record on Friday, January 30th were issued a $0.535 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, January 30th. Alliant Energy’s dividend payout ratio is 67.94%.

About Alliant Energy

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.