Madison Wealth Partners Inc Lowers Stake in Alliant Energy Co. (NASDAQ:LNT)

Madison Wealth Partners Inc reduced its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,400 shares of the company’s stock after selling 1,033 shares during the period. Madison Wealth Partners Inc’s holdings in Alliant Energy were worth $792,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Larson Financial Group LLC raised its holdings in shares of Alliant Energy by 7,083.3% during the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after purchasing an additional 425 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Alliant Energy in the fourth quarter worth approximately $29,000. ORG Partners LLC boosted its position 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. WASHINGTON TRUST Co boosted its position in shares of Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Alliant Energy in the fourth quarter worth approximately $53,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LNT shares. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. BMO Capital Markets upped their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Monday, February 24th. Finally, Guggenheim restated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.25.

Alliant Energy Price Performance

LNT stock opened at $62.18 on Thursday. Alliant Energy Co. has a 52 week low of $47.23 and a 52 week high of $66.54. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a fifty day simple moving average of $60.56 and a two-hundred day simple moving average of $60.29. The firm has a market capitalization of $15.96 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is 75.46%.

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.