New Age Alpha Advisors LLC Acquires 21,096 Shares of Alliant Energy Co. (NASDAQ:LNT)

New Age Alpha Advisors LLC lifted its holdings in Alliant Energy Co. (NASDAQ:LNT) by 7,507.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,377 shares of the company’s stock after acquiring an additional 21,096 shares during the period. New Age Alpha Advisors LLC’s holdings in Alliant Energy were worth $1,264,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Larson Financial Group LLC lifted its holdings in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 425 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $29,000. ORG Partners LLC lifted its holdings 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 buying an additional 517 shares in the last quarter. WASHINGTON TRUST Co boosted its position in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after acquiring an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Alliant Energy during the fourth quarter valued at $53,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.7 %

Shares of LNT opened at $63.58 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54. The company has a market cap of $16.32 billion, a PE ratio of 23.64, a P/E/G ratio of 2.83 and a beta of 0.54. The business has a fifty day moving average of $61.73 and a 200 day moving average of $60.68.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. On average, sell-side analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a dividend of $0.5075 per share. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 75.46%.

Analyst Ratings Changes

Several research firms have commented on LNT. UBS Group increased their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets lifted their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Finally, Guggenheim reiterated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $63.55.

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.