Proficio Capital Partners LLC purchased a new stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 52,162 shares of the company's stock, valued at approximately $3,085,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. RDA Financial Network lifted its holdings in shares of 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 buying an additional 184 shares during the period. Global Retirement Partners LLC raised its holdings in Alliant Energy by 8.2% in the 4th quarter. Global Retirement Partners LLC now owns 2,509 shares of the company's stock worth $148,000 after purchasing an additional 191 shares during the period. Savant Capital LLC raised its holdings in 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 purchasing an additional 237 shares during the period. City State Bank raised its holdings in Alliant Energy by 0.4% in the 4th quarter. City State Bank now owns 71,547 shares of the company's stock worth $4,231,000 after purchasing an additional 257 shares during the period. Finally, United Asset Strategies Inc. raised its holdings in Alliant Energy by 0.5% in the 4th quarter. United Asset Strategies Inc. now owns 59,752 shares of the company's stock worth $3,534,000 after purchasing an additional 280 shares during the period. 79.90% of the stock is owned by institutional investors.
Alliant Energy Price Performance
LNT stock traded down $0.50 during trading on Friday, reaching $63.05. The company's stock had a trading volume of 3,630,645 shares, compared to its average volume of 1,508,591. The company has a market capitalization of $16.18 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The company's fifty day moving average is $61.32 and its 200-day moving average is $60.52. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share 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 return on equity of 11.39% and a net margin of 17.33%. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a dividend of $0.5075 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.22%. Alliant Energy's dividend payout ratio (DPR) is presently 75.46%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on LNT shares. BMO Capital Markets raised their target price on Alliant Energy from $60.00 to $66.00 and gave the stock a "market perform" rating in a report on Monday, February 24th. UBS Group raised their target price on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday. Guggenheim reaffirmed a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Finally, Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and raised 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's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $63.55.
View Our Latest Stock Report on Alliant Energy
Alliant Energy Profile
(
Free Report)
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.
Further Reading
Before you consider Alliant Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alliant Energy wasn't on the list.
While Alliant Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
