Alliant Energy Co. (NASDAQ:LNT) Shares Bought by BKM Wealth Management LLC

BKM Wealth Management LLC raised its stake in Alliant Energy Co. (NASDAQ:LNT) by 24.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,002 shares of the company’s stock after purchasing an additional 594 shares during the period. BKM Wealth Management LLC’s holdings in Alliant Energy were worth $151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Victory Capital Management Inc. raised its position in shares of Alliant Energy by 5.8% during the 4th quarter. Victory Capital Management Inc. now owns 9,194,528 shares of the company’s stock worth $471,679,000 after acquiring an additional 505,101 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Alliant Energy by 68.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock worth $246,382,000 after acquiring an additional 1,948,485 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of Alliant Energy by 6.2% during the 4th quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock worth $187,325,000 after acquiring an additional 213,522 shares in the last quarter. Mairs & Power Inc. raised its position in shares of Alliant Energy by 2.2% during the 4th quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock worth $162,800,000 after acquiring an additional 67,550 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Alliant Energy by 2.3% during the 4th quarter. Northern Trust Corp now owns 2,491,130 shares of the company’s stock worth $127,795,000 after acquiring an additional 55,131 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.3 %

Shares of LNT stock opened at $50.74 on Tuesday. The business’s 50 day moving average is $50.65 and its two-hundred day moving average is $49.78. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $56.26. The company has a market capitalization of $13.01 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 2.71 and a beta of 0.57. 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 (NASDAQ:LNT) last announced its earnings results on Friday, May 3rd. The company reported $0.62 earnings per share 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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was down 4.3% on a year-over-year basis. Equities analysts forecast that Alliant Energy Co. will post 3.08 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.78%. Alliant Energy’s dividend payout ratio (DPR) is currently 69.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America cut their target price 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. 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 report on Monday, April 29th. Wells Fargo & Company raised their price target on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Scotiabank dropped their price target on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. Finally, BMO Capital Markets raised 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, April 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and a consensus target price of $51.38.

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.