4,412 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by Royal Fund Management LLC

Royal Fund Management LLC acquired a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,412 shares of the company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Wetzel Investment Advisors Inc. acquired a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $26,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Alliant Energy during the fourth quarter worth $38,000. Authentikos Wealth Advisory LLC acquired a new position in shares of Alliant Energy during the third quarter worth $42,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Alliant Energy in the 4th quarter valued at $43,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Alliant Energy in the 3rd quarter valued at $45,000. 79.90% of the stock is currently owned by institutional investors.

Insider Activity at Alliant Energy

In related news, CEO Lisa M. Barton purchased 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $48.56 per share, with a total value of $53,416.00. Following the acquisition, the chief executive officer now owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH reduced their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, April 29th. Scotiabank lowered their price objective on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research note on Monday, April 22nd. Bank of America cut their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, BMO Capital Markets increased their price objective on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average price target of $50.71.

Alliant Energy Stock Performance

Shares of Alliant Energy stock remained flat at $50.85 on Friday. The company’s stock had a trading volume of 2,143,657 shares, compared to its average volume of 1,648,468. The firm has a market cap of $13.02 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.71 and a beta of 0.54. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $56.26. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The business has a 50 day moving average price of $49.07 and a 200-day moving average price of $49.57.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.64%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm posted $0.65 EPS. Alliant Energy’s revenue was down 4.3% compared to the same quarter last year. On average, analysts expect that Alliant Energy Co. will post 3.08 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.78%. The ex-dividend date is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

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.