Vaughan David Investments LLC IL Increases Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Vaughan David Investments LLC IL raised its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 763,326 shares of the company's stock after buying an additional 5,035 shares during the quarter. Vaughan David Investments LLC IL owned 0.30% of Alliant Energy worth $45,143,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. boosted its position in shares of Alliant Energy by 92.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock worth $97,363,000 after purchasing an additional 771,919 shares in the last quarter. Jennison Associates LLC bought a new stake in Alliant Energy in the 4th quarter valued at about $32,225,000. Massachusetts Financial Services Co. MA raised its stake in Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock worth $395,260,000 after buying an additional 512,429 shares during the period. Retirement Systems of Alabama raised its stake in Alliant Energy by 698.3% during the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock worth $27,400,000 after buying an additional 394,920 shares during the period. Finally, Weiss Asset Management LP bought a new position in Alliant Energy in the third quarter worth approximately $10,705,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Up 1.1 %

LNT stock traded up $0.68 during trading on Friday, reaching $64.53. The stock had a trading volume of 1,921,833 shares, compared to its average volume of 1,737,103. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $16.56 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 2.83 and a beta of 0.60. Alliant Energy Co. has a one year low of $46.80 and a one year high of $64.76. The company's 50 day moving average is $59.83 and its two-hundred day moving average is $59.88.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last released 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 company had revenue of $976.00 million for 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 research analysts forecast that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a $0.5075 dividend. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy's dividend payout ratio (DPR) is currently 75.46%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LNT. BMO Capital Markets boosted their price objective on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Monday. Wells Fargo & Company decreased their price target on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a research note on Monday. Scotiabank cut shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, Barclays lowered their target price on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Alliant Energy presently has a consensus rating of "Hold" and an average price target 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.