Alliant Energy Co. (NASDAQ:LNT) Position Raised by Stonebridge Capital Advisors LLC

Stonebridge Capital Advisors LLC increased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 3.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,942 shares of the company’s stock after purchasing an additional 760 shares during the period. Stonebridge Capital Advisors LLC’s holdings in Alliant Energy were worth $1,207,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Alliant Energy by 68.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock valued at $246,382,000 after buying an additional 1,948,485 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Alliant Energy by 103.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,286,941 shares of the company’s stock valued at $66,020,000 after buying an additional 654,460 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Alliant Energy by 14,057.8% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 577,072 shares of the company’s stock valued at $29,084,000 after buying an additional 572,996 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Alliant Energy by 5.8% in the fourth quarter. Victory Capital Management Inc. now owns 9,194,528 shares of the company’s stock valued at $471,679,000 after buying an additional 505,101 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Alliant Energy by 224.2% in the fourth quarter. BNP Paribas Financial Markets now owns 468,855 shares of the company’s stock valued at $24,052,000 after buying an additional 324,252 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LNT. Scotiabank lowered their price objective on shares of 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 lifted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research report on Monday, April 15th. Bank of America decreased their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. LADENBURG THALM/SH SH decreased their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a report on Monday, April 29th. Finally, Wells Fargo & Company upped their price objective on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.63.

Alliant Energy Stock Performance

Alliant Energy stock traded up $0.17 on Friday, reaching $56.01. 1,263,404 shares of the stock were exchanged, compared to its average volume of 1,383,877. The stock has a market cap of $14.36 billion, a PE ratio of 20.37, a PEG ratio of 2.65 and a beta of 0.56. The company has a current ratio of 0.56, a quick ratio of 0.40 and a debt-to-equity ratio of 1.25. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.79. The firm has a fifty day moving average price of $51.67 and a two-hundred day moving average price of $50.10.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Sell-side analysts anticipate that Alliant Energy Co. will post 3.08 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Wednesday, July 31st. Alliant Energy’s dividend payout ratio is currently 69.82%.

Alliant Energy 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.