Alliant Energy Co. (NASDAQ:LNT) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,643 shares of the company’s stock after purchasing an additional 285 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Alliant Energy were worth $238,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Financial Freedom LLC purchased a new position in shares of Alliant Energy during the 4th quarter valued at approximately $25,000. Clear Street Markets LLC lifted its holdings in Alliant Energy by 95.3% during the first quarter. Clear Street Markets LLC now owns 494 shares of the company’s stock valued at $26,000 after purchasing an additional 241 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Alliant Energy in the fourth quarter valued at about $38,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Alliant Energy during the third quarter worth about $38,000. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Alliant Energy during the 3rd quarter worth about $42,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LNT shares. BMO Capital Markets lifted their price target on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday. Barclays reaffirmed an “equal weight” rating and set a $53.00 target price (up previously from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Finally, Bank of America decreased their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. One 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’s stock. Based on data from MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $53.31.

Insider Buying and Selling at Alliant Energy

In other news, CEO Lisa M. Barton purchased 1,100 shares of the stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the transaction, the chief executive officer now directly owns 36,444 shares in the company, valued at approximately $1,769,720.64. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by corporate insiders.

Alliant Energy Price Performance

NASDAQ:LNT opened at $48.00 on Tuesday. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26. The stock’s fifty day moving average is $48.64 and its two-hundred day moving average is $49.46. The company has a market capitalization of $12.29 billion, a P/E ratio of 17.27, a P/E/G ratio of 2.56 and a beta of 0.55. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). The company had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. During the same quarter last year, the firm posted $0.46 earnings per share. Equities analysts expect that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.00%. Alliant Energy’s dividend payout ratio (DPR) is presently 69.06%.

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.