6,203 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by WoodTrust Financial Corp

WoodTrust Financial Corp purchased a new stake in Alliant Energy Co. (NASDAQ:LNT) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,203 shares of the company’s stock, valued at approximately $313,000.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Alliant Energy by 12.8% in the third quarter. LPL Financial LLC now owns 305,651 shares of the company’s stock worth $14,809,000 after acquiring an additional 34,647 shares in the last quarter. Mariner LLC grew its position in Alliant Energy by 20.1% during the 3rd quarter. Mariner LLC now owns 42,105 shares of the company’s stock worth $2,040,000 after purchasing an additional 7,050 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in Alliant Energy by 89.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 2,483 shares of the company’s stock valued at $120,000 after purchasing an additional 1,175 shares during the period. Natixis Advisors L.P. lifted its holdings in shares of Alliant Energy by 23.3% in the third quarter. Natixis Advisors L.P. now owns 249,508 shares of the company’s stock valued at $12,089,000 after purchasing an additional 47,156 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Alliant Energy by 4.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 33,794 shares of the company’s stock worth $1,637,000 after buying an additional 1,540 shares during the period. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Down 0.4 %

Shares of LNT traded down $0.18 during mid-day trading on Friday, hitting $50.90. 2,152,646 shares of the company’s stock were exchanged, compared to its average volume of 1,478,687. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.25. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.26. The firm has a fifty day moving average of $50.63 and a two-hundred day moving average of $49.82. The stock has a market cap of $13.05 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 2.72 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Friday, May 3rd. The company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. 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 prior year, the business posted $0.65 earnings per share. The business’s quarterly revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Alliant Energy Co. will post 3.08 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.48 dividend. The ex-dividend date was Monday, April 29th. This represents a $1.92 annualized dividend and a yield of 3.77%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LNT shares. Wells Fargo & Company increased their price objective on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. LADENBURG THALM/SH SH reduced their price target on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. BMO Capital Markets boosted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. Scotiabank cut 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 report on Monday, April 22nd. Finally, Bank of America lowered their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.38.

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.