IAG Wealth Partners LLC Boosts Position in Alliant Energy Co. (NASDAQ:LNT)

IAG Wealth Partners LLC grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 111.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,692 shares of the company’s stock after buying an additional 892 shares during the period. IAG Wealth Partners LLC’s holdings in Alliant Energy were worth $87,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Centennial Wealth Advisory LLC boosted its position in shares of Alliant Energy by 3.7% during the fourth quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after purchasing an additional 210 shares in the last quarter. Accel Wealth Management boosted its position in shares of Alliant Energy by 4.4% during the third quarter. Accel Wealth Management now owns 5,489 shares of the company’s stock valued at $266,000 after purchasing an additional 231 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Alliant Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock valued at $4,061,000 after purchasing an additional 233 shares in the last quarter. Lincoln National Corp boosted its position in shares of Alliant Energy by 5.0% during the third quarter. Lincoln National Corp now owns 5,025 shares of the company’s stock valued at $243,000 after purchasing an additional 238 shares in the last quarter. Finally, Ieq Capital LLC boosted its position in shares of Alliant Energy by 2.3% during the third quarter. Ieq Capital LLC now owns 10,573 shares of the company’s stock valued at $512,000 after purchasing an additional 241 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LNT shares. Barclays restated an “equal weight” rating and set a $53.00 price target (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. Scotiabank dropped their target price on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. BMO Capital Markets boosted their target price on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Finally, Bank of America dropped their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $51.36.

Alliant Energy Trading Down 1.3 %

Alliant Energy stock opened at $49.59 on Friday. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $56.26. The business’s fifty day simple moving average is $48.90 and its two-hundred day simple moving average is $49.55.

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

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s payout ratio is currently 69.06%.

Insider Activity

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

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.