Bahl & Gaynor Inc. Has $23.82 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Bahl & Gaynor Inc. grew its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 13.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 402,805 shares of the company's stock after acquiring an additional 48,641 shares during the quarter. Bahl & Gaynor Inc. owned 0.16% of Alliant Energy worth $23,822,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LNT. Larson Financial Group LLC boosted its stake in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company's stock worth $26,000 after purchasing an additional 425 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy in the fourth quarter valued at about $29,000. JNBA Financial Advisors acquired a new position in shares of Alliant Energy during the third quarter worth about $31,000. ORG Partners LLC grew its holdings in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after buying an additional 517 shares in the last quarter. Finally, WASHINGTON TRUST Co raised its position in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after buying an additional 628 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Performance

LNT stock traded up $0.29 during trading hours on Friday, reaching $62.49. The stock had a trading volume of 3,130,567 shares, compared to its average volume of 1,830,038. The stock has a market capitalization of $16.04 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The stock has a 50-day simple moving average of $60.30 and a 200 day simple moving average of $60.14. Alliant Energy Co. has a fifty-two week low of $47.23 and a fifty-two week high of $66.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. Analysts predict that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, January 31st. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.25%. Alliant Energy's dividend payout ratio (DPR) is 75.46%.

Wall Street Analysts Forecast Growth

LNT has been the subject of a number of recent research reports. Scotiabank downgraded 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 report on Thursday, December 12th. BMO Capital Markets increased their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Monday, February 24th. Finally, Guggenheim reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Alliant Energy currently has an average rating of "Hold" and a consensus 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.