LMG Wealth Partners LLC Has $1.85 Million Stake in Alliant Energy Co. (NASDAQ:LNT)

LMG Wealth Partners LLC increased its position in Alliant Energy Co. (NASDAQ:LNT) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,264 shares of the company’s stock after buying an additional 714 shares during the period. LMG Wealth Partners LLC’s holdings in Alliant Energy were worth $1,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its position in Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after acquiring an additional 425 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in shares of Alliant Energy during the 3rd quarter valued at about $28,000. Eastern Bank acquired a new position in Alliant Energy during the third quarter valued at approximately $30,000. JNBA Financial Advisors acquired a new position in Alliant Energy in the 3rd quarter valued at $31,000. Finally, ORG Partners LLC increased its stake in shares of Alliant Energy by 517.0% in the fourth 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. Institutional investors own 79.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LNT shares. Barclays lowered their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. BMO Capital Markets lowered their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research report on Monday, November 4th. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their target price for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lowered their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Six 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, the stock has a consensus rating of “Hold” and an average price target of $63.39.

Alliant Energy Trading Down 0.0 %

LNT opened at $61.64 on Thursday. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The firm has a 50 day simple moving average of $59.37 and a 200 day simple moving average of $59.59.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were given a $0.5075 dividend. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 78.68%.

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.