Jones Financial Companies Lllp Has $3.97 Million Holdings in Alliant Energy Co. (NASDAQ:LNT)

Jones Financial Companies Lllp boosted its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 26.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,082 shares of the company's stock after purchasing an additional 13,871 shares during the quarter. Jones Financial Companies Lllp's holdings in Alliant Energy were worth $3,967,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LNT. RDA Financial Network boosted its position in Alliant Energy by 2.4% during the 4th quarter. RDA Financial Network now owns 7,990 shares of the company's stock valued at $473,000 after purchasing an additional 184 shares during the period. Empirical Finance LLC boosted its holdings in shares of Alliant Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 8,637 shares of the company's stock valued at $524,000 after acquiring an additional 189 shares during the period. Global Retirement Partners LLC grew its position in shares of Alliant Energy by 8.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock worth $148,000 after acquiring an additional 191 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Alliant Energy by 1.5% in the 4th quarter. Savant Capital LLC now owns 15,937 shares of the company's stock worth $942,000 after acquiring an additional 237 shares during the period. Finally, Centennial Wealth Advisory LLC boosted its stake in Alliant Energy by 4.0% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 6,433 shares of the company's stock valued at $390,000 after purchasing an additional 250 shares during the period. Institutional investors own 79.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and lifted their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets raised 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 set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Finally, Barclays dropped their price target on shares of Alliant Energy from $61.00 to $59.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 6th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $63.25.

Alliant Energy Trading Down 1.6 %

Shares of Alliant Energy stock traded down $1.00 during trading on Thursday, hitting $62.44. The stock had a trading volume of 1,327,730 shares, compared to its average volume of 1,762,490. The company has a market capitalization of $16.03 billion, a PE ratio of 23.21, a P/E/G ratio of 2.83 and a beta of 0.54. The stock has a 50 day simple moving average of $60.25 and a 200 day simple moving average of $60.12. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year 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 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 business had revenue of $976.00 million for the quarter, compared to the consensus estimate of $1.14 billion. On average, research analysts expect that Alliant Energy Co. will post 3.23 EPS 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 paid a $0.5075 dividend. This is a boost from Alliant Energy's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 annualized dividend and a dividend yield of 3.25%. Alliant Energy's payout ratio is presently 75.46%.

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.