20,340 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by GWN Securities Inc.

GWN Securities Inc. acquired a new position in shares of Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,340 shares of the company’s stock, valued at approximately $1,195,000.

Other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC raised its position in shares of Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 425 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy during the 4th quarter worth approximately $29,000. ORG Partners LLC raised its position in shares of Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the last quarter. WASHINGTON TRUST Co raised its position 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. Finally, Newbridge Financial Services Group Inc. acquired a new position in Alliant Energy in the 4th quarter valued at $53,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Up 1.2 %

Shares of NASDAQ LNT opened at $62.95 on Friday. Alliant Energy Co. has a 12-month low of $47.23 and a 12-month high of $66.54. The company has a market cap of $16.16 billion, a P/E ratio of 23.40, a P/E/G ratio of 2.83 and a beta of 0.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average price of $60.73 and a 200 day moving average price of $60.35.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million during the quarter, compared to the consensus estimate of $1.14 billion. Research analysts anticipate that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a $0.5075 dividend. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 annualized dividend and a yield of 3.22%. The ex-dividend date was Friday, January 31st. Alliant Energy’s dividend payout ratio is currently 75.46%.

Analyst Upgrades and Downgrades

LNT has been the topic of a number of recent analyst reports. Guggenheim reissued a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. BMO Capital Markets increased their price target on Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Finally, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price target for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $63.25.

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.