Larson Financial Group LLC Increases Stake in Alliant Energy Co. (NASDAQ:LNT)

Larson Financial Group LLC raised its holdings in Alliant Energy Co. (NASDAQ:LNT) by 67.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 722 shares of the company’s stock after acquiring an additional 291 shares during the quarter. Larson Financial Group LLC’s holdings in Alliant Energy were worth $43,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in Alliant Energy in the fourth quarter valued at $29,000. ORG Partners LLC increased its holdings in 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 period. WASHINGTON TRUST Co raised its position in Alliant Energy by 251.2% in the 4th 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. Newbridge Financial Services Group Inc. purchased a new position in shares of Alliant Energy in the 4th quarter valued at about $53,000. Finally, Sugar Maple Asset Management LLC acquired a new position in shares of Alliant Energy during the fourth quarter worth about $65,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the topic of several analyst reports. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Seven equities 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.com, Alliant Energy presently has a consensus rating of “Hold” and an average price target of $63.25.

Alliant Energy Price Performance

Shares of NASDAQ:LNT opened at $62.18 on Thursday. 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 Co. has a 12 month low of $47.23 and a 12 month high of $66.54. The firm has a market capitalization of $15.96 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.83 and a beta of 0.54. The company’s fifty day moving average price is $60.56 and its 200 day moving average price is $60.29.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, sell-side analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently announced 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. 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 dividend on an annualized basis and a dividend yield of 3.26%. Alliant Energy’s dividend payout ratio (DPR) is 75.46%.

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.