Atria Wealth Solutions Inc. Increases Position in Alliant Energy Co. (NASDAQ:LNT)

Atria Wealth Solutions Inc. grew its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 69,854 shares of the company's stock after acquiring an additional 15,242 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Alliant Energy were worth $4,131,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LNT. Natixis Advisors LLC increased its position in Alliant Energy by 14.7% during the 3rd quarter. Natixis Advisors LLC now owns 196,318 shares of the company's stock valued at $11,915,000 after purchasing an additional 25,161 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Alliant Energy during the 3rd quarter valued at $4,742,000. Principal Financial Group Inc. lifted its stake in Alliant Energy by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company's stock valued at $71,839,000 after acquiring an additional 101,387 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock valued at $134,518,000 after acquiring an additional 14,225 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of Alliant Energy during the 4th quarter worth $257,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded up $1.19 during trading on Friday, hitting $62.81. The company had a trading volume of 3,902,860 shares, compared to its average volume of 1,630,831. The stock has a 50 day simple moving average of $59.39 and a 200 day simple moving average of $59.60. 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 Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The firm has a market capitalization of $16.12 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The firm had revenue of $976.00 million during the quarter, compared to analysts' expectations of $1.14 billion. As a group, analysts anticipate that Alliant Energy Co. will post 3.03 earnings per share for the current year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.23%. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy's dividend payout ratio (DPR) is presently 78.68%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LNT. Barclays decreased their price objective 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. BMO Capital Markets lowered their price objective on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating for the company in a research report on Monday, November 4th. Scotiabank cut 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. Finally, Wells Fargo & Company cut 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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Alliant Energy presently has an average rating of "Hold" and a consensus price target of $63.39.

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.