Brookstone Capital Management Has $399,000 Stake in Alliant Energy Co. (NASDAQ:LNT)

Brookstone Capital Management decreased its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,746 shares of the company’s stock after selling 510 shares during the quarter. Brookstone Capital Management’s holdings in Alliant Energy were worth $399,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of LNT. Larson Financial Group LLC lifted its holdings in shares of Alliant Energy by 7,083.3% in 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 in the last quarter. Northwest Investment Counselors LLC bought a new position in shares of Alliant Energy in the 3rd quarter worth $28,000. Eastern Bank bought a new position in shares of Alliant Energy in the 3rd quarter worth $30,000. JNBA Financial Advisors bought a new position in shares of Alliant Energy in the 3rd quarter worth $31,000. Finally, ORG Partners LLC lifted its holdings in shares of Alliant Energy by 517.0% in the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.8 %

Shares of Alliant Energy stock opened at $60.55 on Friday. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The firm has a market cap of $15.54 billion, a PE ratio of 23.47, a P/E/G ratio of 2.65 and a beta of 0.60. The stock has a fifty day moving average price of $60.21 and a 200-day moving average price of $58.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the firm posted $1.05 EPS. The business’s revenue was up .4% compared to the same quarter last year. Equities research analysts anticipate that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.35%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is currently 74.42%.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of recent research reports. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets cut their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company dropped their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Barclays dropped their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, Mizuho raised their price objective on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $63.39.

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.