Advisor Resource Council Makes New Investment in Alliant Energy Corporation (NASDAQ:LNT)

Advisor Resource Council purchased a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,053 shares of the company's stock, valued at approximately $518,000.

Several other large investors have also recently made changes to their positions in LNT. SBI Securities Co. Ltd. acquired a new position in Alliant Energy during the 4th quarter valued at about $29,000. Larson Financial Group LLC increased its position in Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after buying an additional 291 shares in the last quarter. Optiver Holding B.V. increased its position in Alliant Energy by 382.5% during the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after buying an additional 723 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Alliant Energy by 212.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock valued at $65,000 after buying an additional 743 shares in the last quarter. Finally, Graney & King LLC acquired a new position in Alliant Energy during the 4th quarter valued at about $70,000. 79.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Barclays lowered 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. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. Guggenheim reiterated a "neutral" rating and set a $57.00 price target on shares of Alliant Energy in a research note on Monday, February 24th. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, BMO Capital Markets dropped their price target on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Alliant Energy currently has a consensus rating of "Hold" and a consensus price target of $63.95.

Alliant Energy Stock Performance

Shares of LNT traded up $0.80 during mid-day trading on Monday, reaching $61.34. The company had a trading volume of 1,596,899 shares, compared to its average volume of 1,702,141. Alliant Energy Corporation has a 52-week low of $50.01 and a 52-week high of $66.54. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $15.76 billion, a P/E ratio of 21.15, a PEG ratio of 2.86 and a beta of 0.57. The stock has a 50 day moving average of $61.15 and a two-hundred day moving average of $60.95.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its 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 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 the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $0.62 earnings per share. The company's revenue was up 9.4% compared to the same quarter last year. On average, analysts expect 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. Shareholders of record on Wednesday, April 30th were given a dividend of $0.5075 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.31%. Alliant Energy's dividend payout ratio 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.