Delos Wealth Advisors LLC Acquires 6,813 Shares of Alliant Energy Co. (NASDAQ:LNT)

Delos Wealth Advisors LLC lifted its stake in Alliant Energy Co. (NASDAQ:LNT) by 11.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,004 shares of the company’s stock after buying an additional 6,813 shares during the period. Alliant Energy makes up approximately 3.1% of Delos Wealth Advisors LLC’s investment portfolio, making the stock its 12th biggest position. Delos Wealth Advisors LLC’s holdings in Alliant Energy were worth $3,844,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LNT. Larson Financial Group LLC raised its position 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 valued at $26,000 after buying an additional 425 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Alliant Energy during the fourth quarter valued at approximately $29,000. ORG Partners LLC raised its position in Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after purchasing an additional 517 shares in the last quarter. WASHINGTON TRUST Co lifted its stake in 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 purchasing an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy in the 4th quarter valued at $53,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT stock opened at $63.58 on Friday. The company has a market capitalization of $16.32 billion, a P/E ratio of 23.64, a PEG ratio of 2.83 and a beta of 0.54. The company has a fifty day moving average price of $61.73 and a 200-day moving average price of $60.67. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a 52-week low of $47.23 and a 52-week high of $66.54.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) 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 business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. As a group, equities analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

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

Analyst Upgrades and Downgrades

LNT has been the subject of several recent analyst reports. UBS Group upped their price objective on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Guggenheim reaffirmed a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Finally, BMO Capital Markets increased their price objective on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.