Annex Advisory Services LLC Acquires 1,111 Shares of Alliant Energy Co. (NASDAQ:LNT)

Annex Advisory Services LLC grew its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 11.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,886 shares of the company’s stock after buying an additional 1,111 shares during the quarter. Annex Advisory Services LLC’s holdings in Alliant Energy were worth $549,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Centennial Wealth Advisory LLC lifted its holdings in Alliant Energy by 3.7% during the fourth quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock worth $302,000 after buying an additional 210 shares during the period. Gables Capital Management Inc. lifted its holdings in Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after buying an additional 212 shares during the period. IFM Investors Pty Ltd lifted its holdings in Alliant Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock worth $4,061,000 after buying an additional 233 shares during the period. Goldstein Advisors LLC lifted its holdings in Alliant Energy by 1.1% during the fourth quarter. Goldstein Advisors LLC now owns 22,093 shares of the company’s stock worth $1,133,000 after buying an additional 240 shares during the period. Finally, Stratos Wealth Partners LTD. lifted its holdings in Alliant Energy by 6.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock worth $238,000 after buying an additional 285 shares during the period. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on LNT shares. LADENBURG THALM/SH SH lowered their target price on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Bank of America reduced their price target on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. BMO Capital Markets upped their price target on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, April 15th. Wells Fargo & Company upped their price target on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, May 6th. Finally, Scotiabank reduced 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.38.

Alliant Energy Price Performance

NASDAQ LNT opened at $50.54 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.56 and a quick ratio of 0.40. The stock’s fifty day moving average price is $50.52 and its 200 day moving average price is $49.81. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $56.26. The company has a market cap of $12.96 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.72 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT) last released its 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 return on equity of 10.57% and a net margin of 17.53%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the firm earned $0.65 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Alliant Energy Co. will post 3.08 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business 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 annualized dividend and a yield of 3.80%. The ex-dividend date was Monday, April 29th. Alliant Energy’s dividend payout ratio is currently 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.