Westwood Holdings Group Inc. Purchases 288,899 Shares of Alliant Energy Co. (NASDAQ:LNT)

Westwood Holdings Group Inc. grew its position in shares of Alliant Energy Co. (NASDAQ:LNTFree Report) by 214.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 423,506 shares of the company’s stock after acquiring an additional 288,899 shares during the quarter. Westwood Holdings Group Inc. owned about 0.17% of Alliant Energy worth $21,726,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wetzel Investment Advisors Inc. purchased a new position in shares of Alliant Energy in the 4th quarter worth approximately $26,000. Gables Capital Management Inc. boosted its stake in Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after buying an additional 212 shares during the period. EverSource Wealth Advisors LLC increased its position in Alliant Energy by 252.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after acquiring an additional 474 shares during the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Alliant Energy in the fourth quarter valued at $38,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Alliant Energy in the 4th quarter worth about $43,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on LNT shares. 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 research report on Monday, April 15th. Bank of America dropped their price objective on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. LADENBURG THALM/SH SH reduced their target price on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Scotiabank lowered their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. Finally, Wells Fargo & Company upped their price target on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.38.

Check Out Our Latest Report on Alliant Energy

Alliant Energy Stock Down 0.8 %

LNT traded down $0.42 on Friday, hitting $50.13. The company had a trading volume of 1,078,296 shares, compared to its average volume of 1,267,858. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 2.69 and a beta of 0.57. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $56.26. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40 and a current ratio of 0.56. The stock has a fifty day moving average price of $50.22 and a 200-day moving average price of $49.86.

Alliant Energy (NASDAQ:LNTGet Free Report) last announced its earnings results on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $0.65 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. Analysts predict that Alliant Energy Co. will post 3.08 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.83%. The ex-dividend date was Monday, April 29th. Alliant Energy’s dividend payout ratio is presently 69.82%.

About Alliant Energy

(Free Report)

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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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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