Mather Group LLC. Invests $120,000 in Alliant Energy Co. (NASDAQ:LNT)

Mather Group LLC. bought a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,330 shares of the company’s stock, valued at approximately $120,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wetzel Investment Advisors Inc. acquired a new position in Alliant Energy in the fourth quarter worth approximately $26,000. Gables Capital Management Inc. lifted its position in shares of Alliant Energy by 68.4% in the 4th quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after acquiring an additional 212 shares during the period. Scarborough Advisors LLC acquired a new stake in Alliant Energy during the fourth quarter worth $28,000. EverSource Wealth Advisors LLC boosted its position in shares of Alliant Energy by 252.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after acquiring an additional 474 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Alliant Energy in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LNT. Scotiabank decreased their price target on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research report on Monday, April 22nd. BMO Capital Markets boosted their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. LADENBURG THALM/SH SH cut their target price on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company lifted their price target on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, Bank of America lowered their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $51.38.

Alliant Energy Stock Down 0.1 %

NASDAQ:LNT opened at $50.95 on Friday. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.26. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 2.72 and a beta of 0.57. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average price is $50.40 and its two-hundred day moving average price is $49.85.

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, hitting the consensus estimate of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the firm posted $0.65 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts expect that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend was Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

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.