4,338 Shares in Alliant Energy Co. (NASDAQ:LNT) Acquired by LifeWealth Investments LLC

LifeWealth Investments LLC acquired a new position in Alliant Energy Co. (NASDAQ:LNT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,338 shares of the company's stock, valued at approximately $257,000.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy during the fourth quarter worth $29,000. Larson Financial Group LLC increased its position in shares of Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after purchasing an additional 291 shares in the last quarter. WASHINGTON TRUST Co increased its position in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock worth $52,000 after purchasing an additional 628 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Alliant Energy during the fourth quarter worth $53,000. Finally, Optiver Holding B.V. increased its position in shares of Alliant Energy by 382.5% during the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after purchasing an additional 723 shares in the last quarter. Institutional investors own 79.90% of the company's stock.

Alliant Energy Price Performance

Shares of LNT stock traded up $0.38 during mid-day trading on Friday, hitting $62.23. 2,276,488 shares of the stock were exchanged, compared to its average volume of 1,691,383. The company has a market cap of $15.99 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 2.83 and a beta of 0.58. Alliant Energy Co. has a 52-week low of $49.25 and a 52-week high of $66.54. The firm has a fifty day moving average of $61.49 and a 200 day moving average of $61.12. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the firm earned $0.62 EPS. The business's revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Alliant Energy Co. will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.5075 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.26%. Alliant Energy's dividend payout ratio is presently 70.00%.

Wall Street Analysts Forecast Growth

LNT has been the topic of several research reports. Wall Street Zen raised Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Guggenheim reissued a "neutral" rating and issued a $57.00 target price on shares of Alliant Energy in a research report on Monday, February 24th. Barclays downgraded Alliant Energy from an "equal weight" rating to an "underweight" rating and upped their target price for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. BMO Capital Markets cut their target price on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.95.

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.