Impact Capital Partners LLC Makes New $230,000 Investment in Alliant Energy Co. (NASDAQ:LNT)

Impact Capital Partners LLC acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,892 shares of the company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNT. Larson Financial Group LLC increased its holdings 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 acquiring an additional 425 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $29,000. ORG Partners LLC increased its holdings in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after acquiring an additional 517 shares during the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after acquiring an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $53,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Trading Up 1.2 %

Shares of LNT stock opened at $62.95 on Friday. 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 1 year low of $47.23 and a 1 year high of $66.54. The stock has a fifty day moving average of $60.73 and a two-hundred day moving average of $60.33. The firm has a market capitalization of $16.16 billion, a PE ratio of 23.40, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.

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

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Friday, January 31st. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is 75.46%.

Analyst Upgrades and Downgrades

LNT has been the subject of a number of research analyst reports. Guggenheim reiterated a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.25.

Alliant Energy 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.