Alliant Energy Co. (NASDAQ:LNT) Position Boosted by Mizuho Securities USA LLC

Mizuho Securities USA LLC raised its holdings in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,320 shares of the company's stock after purchasing an additional 7,687 shares during the period. Mizuho Securities USA LLC's holdings in Alliant Energy were worth $1,438,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position in 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 acquiring an additional 425 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Alliant Energy in the 4th quarter worth approximately $29,000. ORG Partners LLC boosted its holdings in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company's stock worth $36,000 after purchasing an additional 517 shares during the last quarter. WASHINGTON TRUST Co grew its position in shares of Alliant Energy by 251.2% in 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 in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at approximately $53,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Trading Up 0.7 %

LNT traded up $0.46 during midday trading on Friday, hitting $63.58. The company's stock had a trading volume of 2,369,764 shares, compared to its average volume of 1,562,764. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The firm has a 50-day moving average price of $61.73 and a two-hundred day moving average price of $60.67. 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 market cap of $16.32 billion, a P/E ratio of 23.64, a PEG ratio of 2.83 and a beta of 0.54.

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Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping the consensus estimate 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%. On average, research analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a $0.5075 dividend. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Alliant Energy's previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.19%. Alliant Energy's dividend payout ratio (DPR) is 75.46%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LNT shares. BMO Capital Markets boosted their price target 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. Scotiabank lowered shares of Alliant Energy from a "sector outperform" rating to a "sector perform" rating and boosted their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Guggenheim restated a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Finally, UBS Group upped their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and a consensus target price of $63.55.

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.