Sage Mountain Advisors LLC Purchases New Position in Alliant Energy Co. (NASDAQ:LNT)

Sage Mountain Advisors LLC purchased a new stake in Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 3,387 shares of the company’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also recently modified their holdings of LNT. Point72 Asset Management L.P. increased its stake in shares of Alliant Energy by 92.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,604,272 shares of the company’s stock valued at $97,363,000 after purchasing an additional 771,919 shares in the last quarter. Jennison Associates LLC purchased a new position in shares of Alliant Energy in the 4th quarter valued at about $32,225,000. Massachusetts Financial Services Co. MA increased its stake in shares of Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after purchasing an additional 512,429 shares in the last quarter. Retirement Systems of Alabama increased its stake in Alliant Energy by 698.3% during the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock worth $27,400,000 after buying an additional 394,920 shares in the last quarter. Finally, National Pension Service purchased a new stake in Alliant Energy during the 4th quarter worth approximately $22,531,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.7 %

LNT opened at $62.18 on Thursday. Alliant Energy Co. has a one year low of $47.23 and a one year high of $66.54. The stock has a market capitalization of $15.96 billion, a PE ratio of 23.12, a P/E/G ratio of 2.83 and a beta of 0.54. The business’s 50 day moving average price is $60.56 and its 200 day moving average price is $60.29. 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) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, equities research analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were paid a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.26%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio is 75.46%.

Wall Street Analysts Forecast Growth

Several research firms have commented on LNT. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets boosted their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Finally, Guggenheim reiterated a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and an average target price of $63.25.

Alliant Energy Company 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.