NewEdge Advisors LLC Boosts Stake in Alliant Energy Co. (NASDAQ:LNT)

NewEdge Advisors LLC increased its holdings in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 74.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,142 shares of the company's stock after acquiring an additional 9,455 shares during the quarter. NewEdge Advisors LLC's holdings in Alliant Energy were worth $1,309,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Alliant Energy in the fourth quarter valued at about $29,000. ORG Partners LLC boosted its holdings in Alliant Energy by 517.0% in 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 last quarter. Larson Financial Group LLC grew its stake in shares of Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after buying an additional 291 shares during the period. WASHINGTON TRUST Co increased its holdings in shares of Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after buying an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy during the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 79.90% of the company's stock.

Alliant Energy Price Performance

LNT stock opened at $61.23 on Thursday. Alliant Energy Co. has a 1 year low of $49.05 and a 1 year high of $66.54. The firm has a market capitalization of $15.73 billion, a P/E ratio of 22.76, a P/E/G ratio of 2.83 and a beta of 0.52. 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 business's 50-day moving average is $62.36 and its two-hundred day moving average is $60.82.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) 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 company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.5075 per share. The ex-dividend date is Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.32%. Alliant Energy's payout ratio is currently 75.46%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. BMO Capital Markets decreased their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Tuesday. 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 research report on Friday, March 21st. Guggenheim restated a "neutral" rating and issued a $57.00 price objective on shares of Alliant Energy in a report on Monday, February 24th. Finally, Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their target price for the company from $59.00 to $61.00 in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $63.55.

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.

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