Alliant Energy Co. (NASDAQ:LNT) Shares Acquired by New England Capital Financial Advisors LLC

New England Capital Financial Advisors LLC increased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 61.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,486 shares of the company’s stock after buying an additional 568 shares during the period. New England Capital Financial Advisors LLC’s holdings in Alliant Energy were worth $76,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wetzel Investment Advisors Inc. purchased a new stake in shares of Alliant Energy in the 4th quarter worth about $26,000. Compagnie Lombard Odier SCmA purchased a new position in Alliant Energy in the 3rd quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. purchased a new position in Alliant Energy in the 4th quarter valued at about $38,000. Authentikos Wealth Advisory LLC purchased a new position in Alliant Energy in the 3rd quarter valued at about $42,000. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Alliant Energy in the 4th quarter valued at about $43,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Up 0.2 %

Shares of Alliant Energy stock traded up $0.08 on Tuesday, hitting $49.97. 1,644,046 shares of the company’s stock traded hands, compared to its average volume of 1,937,116. The firm’s 50-day moving average is $48.79 and its 200 day moving average is $49.53. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $56.26. The stock has a market cap of $12.80 billion, a P/E ratio of 17.97, a PEG ratio of 2.66 and a beta of 0.55. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The firm had revenue of $961.00 million for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business earned $0.46 earnings per share. Equities analysts anticipate that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.06%.

Wall Street Analysts Forecast Growth

LNT has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Bank of America lowered their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Barclays reaffirmed an “equal weight” rating and issued a $53.00 price objective (up previously from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. Finally, Scotiabank reduced their target price on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Alliant Energy has an average rating of “Hold” and a consensus price target of $51.36.

Insider Buying and Selling

In related news, CEO Lisa M. Barton bought 1,100 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were bought at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the purchase, the chief executive officer now owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is currently owned by company insiders.

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.