9,107 Shares in Alliant Energy Co. (NASDAQ:LNT) Purchased by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC bought a new position in shares of Alliant Energy Co. (NASDAQ:LNT) during the 4th quarter, Holdings Channel reports. The firm bought 9,107 shares of the company’s stock, valued at approximately $467,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. NBC Securities Inc. acquired a new stake in Alliant Energy in the 3rd quarter valued at about $2,977,000. Fifth Third Bancorp grew its position in shares of Alliant Energy by 9.5% in the third quarter. Fifth Third Bancorp now owns 33,941 shares of the company’s stock valued at $1,644,000 after purchasing an additional 2,947 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of Alliant Energy by 21.4% during the 3rd quarter. Metis Global Partners LLC now owns 9,178 shares of the company’s stock worth $445,000 after purchasing an additional 1,616 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Alliant Energy by 3.6% during the 3rd quarter. HighTower Advisors LLC now owns 41,460 shares of the company’s stock worth $2,004,000 after purchasing an additional 1,439 shares during the last quarter. Finally, Comerica Bank acquired a new position in shares of Alliant Energy during the 3rd quarter worth approximately $4,809,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Alliant Energy

In other Alliant Energy news, CEO Lisa M. Barton acquired 1,100 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of $48.56 per share, with a total value of $53,416.00. Following the completion of the transaction, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

Alliant Energy Trading Up 1.3 %

LNT stock traded up $0.63 on Wednesday, hitting $48.03. 124,801 shares of the company were exchanged, compared to its average volume of 1,944,228. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.56 and a beta of 0.55. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.26. The business’s fifty day moving average is $48.63 and its two-hundred day moving average is $49.45.

Alliant Energy (NASDAQ:LNT) last issued its earnings results on Friday, February 16th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The firm had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $0.46 earnings per share. As a group, research analysts forecast that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 4.00%. The ex-dividend date is Monday, April 29th. Alliant Energy’s dividend payout ratio is currently 69.06%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. BMO Capital Markets increased their target price on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday. Bank of America decreased their price objective on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, Barclays reissued an “equal weight” rating and issued a $53.00 target price (up previously from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.31.

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.