Alliant Energy Co. (NASDAQ:LNT) Stock Holdings Increased by City State Bank

City State Bank boosted its position in Alliant Energy Co. (NASDAQ:LNT) by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 71,547 shares of the company’s stock after buying an additional 257 shares during the quarter. Alliant Energy makes up about 1.5% of City State Bank’s investment portfolio, making the stock its 17th biggest holding. City State Bank’s holdings in Alliant Energy were worth $4,231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position 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 worth $26,000 after buying an additional 425 shares during the period. Northwest Investment Counselors LLC acquired a new stake in Alliant Energy in the third quarter worth approximately $28,000. Eastern Bank acquired a new stake in Alliant Energy in the third quarter worth approximately $30,000. JNBA Financial Advisors acquired a new stake in shares of Alliant Energy during the 3rd quarter valued at $31,000. Finally, ORG Partners LLC boosted its stake in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after acquiring an additional 517 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

Shares of NASDAQ:LNT remained flat at $56.66 during midday trading on Monday. The company had a trading volume of 230,053 shares, compared to its average volume of 1,208,665. 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 twelve month low of $46.80 and a twelve month high of $64.19. The stock’s 50-day moving average is $60.06 and its two-hundred day moving average is $58.45. The company has a market cap of $14.54 billion, a P/E ratio of 21.96, a PEG ratio of 2.98 and a beta of 0.60.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company earned $1.05 earnings per share. Alliant Energy’s quarterly revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.39%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reduced their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. UBS Group raised their price objective on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Mizuho raised their price objective on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their target price for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, Jefferies Financial Group started coverage on Alliant Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $67.00 target price for the company. Six research 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 currently has a consensus rating of “Hold” and an average target price of $63.39.

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.