Alliant Energy Co. (NASDAQ:LNT) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lifted its position in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,815,769 shares of the company's stock after acquiring an additional 9,281 shares during the period. Alliant Energy comprises approximately 1.0% of Johnson Investment Counsel Inc.'s holdings, making the stock its 25th largest holding. Johnson Investment Counsel Inc. owned about 0.71% of Alliant Energy worth $107,385,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LNT. Larson Financial Group LLC raised its holdings in shares of Alliant Energy by 7,083.3% during the third 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. acquired a new position in shares of Alliant Energy in the 4th quarter valued at about $29,000. ORG Partners LLC grew its position in shares of 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 buying an additional 517 shares during the last quarter. WASHINGTON TRUST Co raised its stake in Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after acquiring an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in Alliant Energy in the fourth quarter worth about $53,000. 79.90% of the stock is currently owned by institutional investors.

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Alliant Energy Stock Performance

Shares of LNT traded up $0.05 during trading hours on Thursday, reaching $62.23. 1,948,137 shares of the company's stock traded hands, compared to its average volume of 1,860,255. Alliant Energy Co. has a twelve month low of $47.23 and a twelve month high of $66.54. The business's fifty day simple moving average is $60.56 and its two-hundred day simple moving average is $60.29. 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 $15.97 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 2.83 and a beta of 0.54.

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

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were paid a dividend of $0.5075 per share. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LNT. Scotiabank lowered Alliant Energy from a "sector outperform" rating to a "sector perform" rating and upped their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets boosted their price objective 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. 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.25.

About Alliant Energy

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.