1,094 Shares in Alliant Energy Co. (NASDAQ:LNT) Purchased by MRP Capital Investments LLC

MRP Capital Investments LLC purchased a new position in Alliant Energy Co. (NASDAQ:LNT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,094 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LNT. Scarborough Advisors LLC bought a new stake in shares of Alliant Energy in the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its stake in Alliant Energy by 252.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after buying an additional 474 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Alliant Energy during the second quarter valued at $43,000. Creekmur Asset Management LLC bought a new position in shares of Alliant Energy during the fourth quarter worth about $65,000. Finally, Gradient Investments LLC acquired a new stake in shares of Alliant Energy in the 2nd quarter worth about $74,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Up 0.0 %

Shares of NASDAQ:LNT opened at $60.33 on Thursday. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $60.67. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.48 and a current ratio of 0.65. The company has a market cap of $15.47 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58. The firm has a 50 day simple moving average of $57.02 and a 200 day simple moving average of $52.49.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). The business had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The firm’s revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. As a group, research analysts expect that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.18%. The ex-dividend date was Wednesday, July 31st. Alliant Energy’s dividend payout ratio is currently 69.82%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Bank of America increased their price objective on Alliant Energy from $62.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays increased their price target on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Wells Fargo & Company upped their price objective on shares of Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Finally, BMO Capital Markets upped their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.50.

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.