4,743 Shares in Alliant Energy Corporation (NASDAQ:LNT) Bought by FORM Wealth Advisors LLC

FORM Wealth Advisors LLC bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,743 shares of the company's stock, valued at approximately $305,000.

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. lifted its stake in Alliant Energy by 9,113.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock valued at $247,640,000 after acquiring an additional 4,141,895 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Alliant Energy in the first quarter valued at $82,496,000. GAMMA Investing LLC lifted its stake in Alliant Energy by 6,869.6% in the first quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock valued at $71,688,000 after acquiring an additional 1,098,043 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Alliant Energy in the fourth quarter valued at $31,201,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Alliant Energy by 7.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after acquiring an additional 499,802 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LNT. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Guggenheim restated a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their target price for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Finally, UBS Group raised their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Alliant Energy currently has an average rating of "Hold" and a consensus price target of $63.95.

Alliant Energy Price Performance

NASDAQ:LNT opened at $61.34 on Tuesday. Alliant Energy Corporation has a 52 week low of $50.01 and a 52 week high of $66.54. The firm has a market cap of $15.76 billion, a price-to-earnings ratio of 21.15, a P/E/G ratio of 2.86 and a beta of 0.57. The firm's 50-day simple moving average is $61.15 and its 200 day simple moving average is $60.95. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34.

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

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's dividend payout ratio is 70.00%.

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.

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