International Private Wealth Advisors LLC Buys 1,091 Shares of Alliant Energy Co. (NASDAQ:LNT)

International Private Wealth Advisors LLC raised its stake in Alliant Energy Co. (NASDAQ:LNT) by 20.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,480 shares of the company’s stock after purchasing an additional 1,091 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Alliant Energy were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LNT. SBI Securities Co. Ltd. acquired a new position in Alliant Energy during the fourth quarter worth $29,000. Larson Financial Group LLC grew its position in shares of Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after acquiring an additional 291 shares during the period. WASHINGTON TRUST Co increased its stake in shares of Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Alliant Energy in the 4th quarter valued at about $53,000. Finally, Optiver Holding B.V. lifted its stake in Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after purchasing an additional 723 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analysts Set New Price Targets

LNT has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a “buy” rating in a research note on Tuesday, May 20th. Guggenheim restated a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. BMO Capital Markets reduced their price objective on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. Finally, Barclays lowered Alliant Energy from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average price target of $63.95.

Alliant Energy Stock Performance

Shares of Alliant Energy stock opened at $60.48 on Monday. The company has a 50 day moving average of $61.23 and a 200-day moving average of $61.10. The company has a market cap of $15.54 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 1-year low of $49.25 and a 1-year high of $66.54.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. Alliant Energy’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 EPS. As a group, equities research analysts forecast that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Wednesday, April 30th. Alliant Energy’s payout ratio is 70.00%.

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.