Sound Income Strategies LLC Has $268,000 Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Sound Income Strategies LLC lifted its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 2,024.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,525 shares of the company's stock after buying an additional 4,312 shares during the quarter. Sound Income Strategies LLC's holdings in Alliant Energy were worth $268,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake in shares of Alliant Energy by 14.7% in the 3rd quarter. Natixis Advisors LLC now owns 196,318 shares of the company's stock valued at $11,915,000 after acquiring an additional 25,161 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Alliant Energy during the third quarter valued at approximately $4,742,000. Principal Financial Group Inc. raised its position in shares of Alliant Energy by 9.4% in the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company's stock valued at $71,839,000 after purchasing an additional 101,387 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Alliant Energy by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company's stock worth $134,518,000 after buying an additional 14,225 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Alliant Energy by 22.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 53,600 shares of the company's stock worth $3,253,000 after buying an additional 9,780 shares during the period. Institutional investors and hedge funds own 79.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LNT shares. Wells Fargo & Company cut their target price on shares of Alliant Energy from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. BMO Capital Markets cut their price objective on Alliant Energy from $65.00 to $61.00 and set a "market perform" rating for the company in a research report on Monday, November 4th. Mizuho increased their target price on Alliant Energy from $52.00 to $61.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Barclays dropped their price target on 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. Finally, Scotiabank cut Alliant Energy from a "sector outperform" rating to a "sector perform" rating and increased their price objective for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Alliant Energy currently has an average rating of "Hold" and a consensus price target of $63.39.

Alliant Energy Stock Performance

Shares of NASDAQ LNT traded up $0.08 during trading hours on Friday, reaching $58.77. The stock had a trading volume of 1,345,034 shares, compared to its average volume of 1,106,982. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 22.78, a PEG ratio of 2.77 and a beta of 0.60. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19. The business's fifty day moving average is $60.16 and its two-hundred day moving average is $58.91. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the prior year, the company posted $1.05 EPS. The business's revenue was up .4% on a year-over-year basis. As a group, research analysts expect that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be 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 annualized dividend and a yield of 3.45%. The ex-dividend date is Friday, January 31st. Alliant Energy's dividend payout ratio is currently 74.42%.

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.