Heritage Trust Co Purchases Shares of 8,002 Alliant Energy Co. (NASDAQ:LNT)

Heritage Trust Co bought a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,002 shares of the company's stock, valued at approximately $473,000.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Alliant Energy in the 4th quarter worth $29,000. ORG Partners LLC grew its position in Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after acquiring an additional 517 shares in the last quarter. Larson Financial Group LLC increased its stake in Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after acquiring an additional 291 shares during the last quarter. WASHINGTON TRUST Co raised its position in Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Alliant Energy in the 4th quarter worth approximately $53,000. Institutional investors own 79.90% of the company's stock.

Alliant Energy Trading Down 0.3 %

Shares of NASDAQ:LNT traded down $0.21 during trading on Tuesday, reaching $61.60. 1,651,583 shares of the company were exchanged, compared to its average volume of 1,592,514. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm has a market capitalization of $15.82 billion, a PE ratio of 22.90, a P/E/G ratio of 2.83 and a beta of 0.52. The business's fifty day simple moving average is $62.30 and its 200-day simple moving average is $60.82. Alliant Energy Co. has a 12-month low of $47.23 and a 12-month high of $66.54.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last issued 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. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. On average, research analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Wednesday, April 30th. Alliant Energy's payout ratio is 75.46%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LNT shares. BMO Capital Markets increased their price target on Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a report on Monday, February 24th. Guggenheim restated a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Finally, UBS Group upped their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. 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, the company presently has an average rating of "Hold" and an average target price of $63.55.

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.