Ipsen Advisor Group LLC Invests $414,000 in Alliant Energy Co. (NASDAQ:LNT)

Ipsen Advisor Group LLC acquired a new stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 7,000 shares of the company's stock, valued at approximately $414,000.

A number of other large investors have also recently made changes to their positions in LNT. Larson Financial Group LLC increased 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 buying an additional 425 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Alliant Energy during the fourth quarter worth about $29,000. ORG Partners LLC raised its stake in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock valued at $36,000 after purchasing an additional 517 shares during the period. WASHINGTON TRUST Co lifted its holdings in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after purchasing an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Alliant Energy in the 4th quarter worth approximately $53,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 0.7 %

LNT stock traded up $0.46 during midday trading on Friday, reaching $63.58. 2,369,764 shares of the company traded hands, compared to its average volume of 1,562,764. The firm has a market capitalization of $16.32 billion, a price-to-earnings ratio of 23.64, a P/E/G ratio of 2.83 and a beta of 0.54. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The business has a 50 day moving average of $61.73 and a 200-day moving average of $60.66. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Remove Ads

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The company had revenue of $976.00 million for 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%. As a group, sell-side analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LNT shares. BMO Capital Markets lifted their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a "market perform" rating in a research report on Monday, February 24th. UBS Group lifted 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. Guggenheim reiterated a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Finally, Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Alliant Energy has an average rating of "Hold" and a consensus 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.