EntryPoint Capital LLC Takes $355,000 Position in Alliant Energy Co. (NASDAQ:LNT)

EntryPoint Capital LLC bought a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,000 shares of the company's stock, valued at approximately $355,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its stake in shares of Alliant Energy by 92.7% in the third quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock valued at $97,363,000 after buying an additional 771,919 shares in the last quarter. Jennison Associates LLC acquired a new stake in Alliant Energy in the fourth quarter valued at approximately $32,225,000. Retirement Systems of Alabama raised its stake in shares of Alliant Energy by 698.3% during the third quarter. Retirement Systems of Alabama now owns 451,477 shares of the company's stock valued at $27,400,000 after purchasing an additional 394,920 shares during the period. National Pension Service acquired a new position in shares of Alliant Energy during the fourth quarter worth $22,531,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Alliant Energy in the fourth quarter valued at $20,677,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LNT. Guggenheim reiterated a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a report on Monday, February 24th. Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. UBS Group raised their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Finally, BMO Capital Markets upped their target price on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Alliant Energy has a consensus rating of "Hold" and an average price target of $63.55.

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Alliant Energy Stock Performance

LNT traded up $0.77 during trading hours on Monday, hitting $64.35. 2,144,013 shares of the stock were exchanged, compared to its average volume of 1,565,080. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 23.92, 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 $61.81 and a 200-day simple moving average of $60.72. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54.

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

Alliant Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a dividend of $0.5075 per share. The ex-dividend date was Friday, January 31st. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.15%. Alliant Energy's dividend payout ratio is 75.46%.

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.