1 week Ago By ABMN Staff
Merit Financial Group LLC boosted its holdings in Alliant Energy Co. ( NASDAQ:LNT – Free Report ) by 15.8% during the 4th quarter, HoldingsChannel reports.
The institutional investor owned 4,609 shares of the company’s stock after buying an additional 630 shares during the quarter. Merit Financial Group LLC’s holdings in Alliant Energy were worth $273,000 at the end of the most recent reporting period. Several other institutional investors also recently modified their holdings of the stock.
Larson Financial Group LLC lifted its stake in Alliant Energy by 7,083.3% during the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after buying an additional 425 shares in the last quarter.
Northwest Investment Counselors LLC acquired a new stake in shares of Alliant Energy during the third quarter valued at approximately $28,000. Eastern Bank purchased a new stake in shares of Alliant Energy in the 3rd quarter valued at approximately $30,000. JNBA Financial Advisors purchased a new stake in shares of Alliant Energy in the 3rd quarter valued at approximately $31,000.
Finally, ORG Partners LLC boosted its stake in Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the period.
Institutional investors own 79.90% of the company’s stock. Wall Street Analyst Weigh In LNT has been the subject of a number of research analyst reports.
Barclays reduced their target price 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.
Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th.
Wells Fargo & Company lowered their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th.
Mizuho upped their target price on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, October 4th.
Finally, BMO Capital Markets decreased their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th.
Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Alliant Energy presently has an average rating of “Hold” and an average price target of $63.
39. Alliant Energy Trading Up 0.1 % Shares of NASDAQ LNT opened at $58.
77 on Friday. The business has a 50 day simple moving average of $60.16 and a 200 day simple moving average of $58.
91. Alliant Energy Co. has a 52 week low of $46.
80 and a 52 week high of $64.19. The stock has a market cap of $15.
08 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.77 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. Alliant Energy ( NASDAQ:LNT – Get Free Report ) last posted its earnings results on Thursday, October 31st.
The company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.10 by $0.
05. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.
08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.
56%. The company’s revenue for the quarter was up .4% compared to the same quarter last year.
During the same period in the previous year, the firm posted $1.05 earnings per share. On average, research analysts predict that Alliant Energy Co.
will post 3.04 earnings per share for the current fiscal year. Alliant Energy Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th.
Shareholders of record on Friday, January 31st will be issued a dividend of $0.5075 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.
48. This represents a $2.03 annualized dividend and a yield of 3.
45%. The ex-dividend date of this dividend is Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is 74.
42%. Alliant Energy Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alliant Energy Co.
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