GWN Securities Inc. Invests $1.20 Million in Alliant Energy Co. (NASDAQ:LNT)

GWN Securities Inc. acquired a new position in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,340 shares of the company's stock, valued at approximately $1,195,000.

Other institutional investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its position in shares of Alliant Energy by 92.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company's stock worth $97,363,000 after acquiring an additional 771,919 shares in the last quarter. Jennison Associates LLC bought a new stake in Alliant Energy in the fourth quarter worth approximately $32,225,000. Massachusetts Financial Services Co. MA lifted its stake in Alliant Energy by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company's stock valued at $395,260,000 after buying an additional 512,429 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of 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 in the last quarter. Finally, National Pension Service acquired a new stake in shares of Alliant Energy during the 4th quarter worth approximately $22,531,000. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.1 %

Shares of LNT traded up $0.04 on Thursday, reaching $63.55. The company's stock had a trading volume of 1,780,793 shares, compared to its average volume of 1,504,668. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The stock has a market capitalization of $16.31 billion, a PE ratio of 23.62, a PEG ratio of 2.83 and a beta of 0.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm has a fifty day moving average of $61.08 and a 200-day moving average of $60.47.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating 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 company had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Equities analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.19%. This is an increase from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy's payout ratio is currently 75.46%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Guggenheim reiterated a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets upped their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Monday, February 24th. Finally, Scotiabank downgraded Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Alliant Energy has a consensus rating of "Hold" and an average target price 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.