Alliant Energy Co. (NASDAQ:LNT) Stock Position Lifted by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL boosted its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 763,326 shares of the company’s stock after buying an additional 5,035 shares during the quarter. Vaughan David Investments LLC IL owned 0.30% of Alliant Energy worth $45,143,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LNT. Larson Financial Group LLC boosted its stake in 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 buying an additional 425 shares in the last quarter. JNBA Financial Advisors purchased a new stake in shares of Alliant Energy during the third quarter valued at $31,000. ORG Partners LLC boosted 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 during the period. WASHINGTON TRUST Co increased 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 acquiring an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy during the fourth quarter valued at approximately $53,000. Institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

LNT has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets increased their price objective on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a report on Monday. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday. Finally, Barclays cut their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.25.

Alliant Energy Stock Performance

LNT opened at $63.85 on Tuesday. The firm has a market capitalization of $16.38 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60. The stock’s 50 day moving average price is $59.52 and its two-hundred day moving average price is $59.76. 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 12-month low of $46.80 and a 12-month high of $64.19.

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

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were issued a $0.5075 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.18%. 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%.

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.