Xponance Inc. Purchases 1,132 Shares of Alliant Energy Co. (NASDAQ:LNT)

Xponance Inc. increased its position in Alliant Energy Co. (NASDAQ:LNT) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,349 shares of the company’s stock after purchasing an additional 1,132 shares during the period. Xponance Inc.’s holdings in Alliant Energy were worth $2,150,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in shares of 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 position in shares of Alliant Energy in the 4th quarter worth $29,000. ORG Partners LLC lifted its holdings in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new position in Alliant Energy during the 4th quarter valued at $53,000. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group raised their price objective on Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday. BMO Capital Markets raised their price objective on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday, February 24th. Guggenheim restated a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research note on Monday, February 24th. Finally, Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and a consensus price target of $63.55.

Alliant Energy Trading Down 0.8 %

Shares of Alliant Energy stock opened at $63.05 on Friday. Alliant Energy Co. has a 1 year low of $47.23 and a 1 year high of $66.54. The firm has a market cap of $16.18 billion, a PE ratio of 23.44, a P/E/G ratio of 2.83 and a beta of 0.54. The stock has a fifty day moving average price of $61.32 and a 200-day moving average price of $60.52. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

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

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a $0.5075 dividend. The ex-dividend date was Friday, January 31st. This represents a $2.03 annualized dividend and a yield of 3.22%. 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 Company 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.