Tower Research Capital LLC TRC Raises Position in Alliant Energy Co. (NASDAQ:LNT)

Tower Research Capital LLC TRC lifted its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 74.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,420 shares of the company's stock after acquiring an additional 10,819 shares during the quarter. Tower Research Capital LLC TRC's holdings in Alliant Energy were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. RDA Financial Network increased its position in shares of Alliant Energy by 2.4% in 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 last quarter. Global Retirement Partners LLC grew its stake 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 purchasing an additional 191 shares in the last quarter. Savant Capital LLC increased its holdings in Alliant Energy by 1.5% in the fourth quarter. Savant Capital LLC now owns 15,937 shares of the company's stock valued at $942,000 after buying an additional 237 shares during the last quarter. City State Bank raised its stake in Alliant Energy by 0.4% in the fourth quarter. City State Bank now owns 71,547 shares of the company's stock valued at $4,231,000 after buying an additional 257 shares in the last quarter. Finally, Accredited Investors Inc. lifted its holdings in Alliant Energy by 7.6% during the 4th quarter. Accredited Investors Inc. now owns 3,691 shares of the company's stock worth $218,000 after buying an additional 262 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Alliant Energy Trading Up 0.3 %

NASDAQ LNT opened at $61.23 on Thursday. Alliant Energy Co. has a one year low of $49.05 and a one year high of $66.54. The firm has a market cap of $15.73 billion, a PE ratio of 22.76, a P/E/G ratio of 2.83 and a beta of 0.52. The firm's fifty day moving average is $62.36 and its two-hundred day moving average is $60.82. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

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

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