FORM Wealth Advisors LLC Purchases Shares of 4,743 Alliant Energy Corporation (NASDAQ:LNT)

FORM Wealth Advisors LLC bought a new stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,743 shares of the company's stock, valued at approximately $305,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of Alliant Energy in the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its holdings in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after acquiring an additional 291 shares during the last quarter. Optiver Holding B.V. lifted 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. TD Waterhouse Canada Inc. increased its holdings in shares of Alliant Energy by 212.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock valued at $65,000 after purchasing an additional 743 shares in the last quarter. Finally, Graney & King LLC bought a new position in Alliant Energy in the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

LNT has been the subject of several recent research reports. BMO Capital Markets dropped their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their price objective for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, UBS Group raised their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $63.95.

Alliant Energy Trading Up 0.0%

Shares of NASDAQ LNT traded up $0.03 during midday trading on Friday, reaching $60.35. 2,405,886 shares of the stock were exchanged, compared to its average volume of 1,705,991. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. Alliant Energy Corporation has a 12 month low of $50.53 and a 12 month high of $66.54. The business has a 50-day simple moving average of $61.12 and a two-hundred day simple moving average of $60.94. The company has a market capitalization of $15.50 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.83 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $0.62 earnings per share. The company's revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.5075 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.36%. Alliant Energy's dividend payout ratio (DPR) is currently 70.00%.

About Alliant Energy

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.