Brinker Capital Investments LLC bought a new stake in shares of Alliant Energy Co. (NASDAQ:LNT – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,085 shares of the company’s stock, valued at approximately $502,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. James Investment Research Inc. acquired a new position in Alliant Energy in the 3rd quarter worth $25,000. Romano Brothers AND Company acquired a new position in Alliant Energy in the 4th quarter worth $29,000. Accurate Wealth Management LLC acquired a new position in Alliant Energy in the 4th quarter worth $33,000. Guardian Wealth Advisors LLC acquired a new position in Alliant Energy in the 3rd quarter worth $36,000. Finally, Standard Family Office LLC acquired a new position in Alliant Energy in the 3rd quarter worth $38,000. Institutional investors and hedge funds own 75.89% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on LNT shares. Wells Fargo & Company upgraded shares of Alliant Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $58.00 to $61.00 in a report on Wednesday, April 19th. BMO Capital Markets cut their target price on shares of Alliant Energy from $59.00 to $58.00 and set a “market perform” rating on the stock in a research note on Monday, February 27th. Guggenheim upgraded shares of Alliant Energy from a “sell” rating to a “neutral” rating and upped their target price for the company from $46.00 to $52.00 in a research note on Tuesday, February 21st. Mizuho lowered shares of Alliant Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $64.00 to $55.00 in a research note on Monday, January 9th. Finally, StockNews.com assumed coverage on shares of Alliant Energy in a research note on Thursday, March 16th. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $58.67.
Alliant Energy Stock Up 0.6 %
Alliant Energy (NASDAQ:LNT – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.08). Alliant Energy had a return on equity of 10.78% and a net margin of 15.60%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company earned $0.77 earnings per share. Alliant Energy’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that Alliant Energy Co. will post 2.9 earnings per share for the current year.
Alliant Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, May 15th. Shareholders of record on Friday, April 28th will be paid a dividend of $0.4525 per share. This represents a $1.81 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Thursday, April 27th. Alliant Energy’s payout ratio is 66.30%.
Alliant Energy Company Profile
Alliant Energy Corp. is a regulated investor-owned public utility holding company, which engages in the provision of regulated electricity and natural gas service to natural gas customers in the Midwest through its two public utility subsidiaries. It operates through following segments: Electric Utility, Gas Utility, Other Utility, and Non-Utility and Other.
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