Advisor Resource Council Takes Position in Alliant Energy Corporation (NASDAQ:LNT)

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

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alliant Energy during the fourth quarter worth about $29,000. Larson Financial Group LLC increased its holdings in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after buying an additional 291 shares during the period. Optiver Holding B.V. raised 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 worth $54,000 after buying an additional 723 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake 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 acquiring an additional 743 shares during the period. Finally, Graney & King LLC acquired a new stake in Alliant Energy during the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Price Performance

LNT traded up $0.23 during trading on Thursday, hitting $60.32. The company's stock had a trading volume of 1,297,440 shares, compared to its average volume of 1,700,355. The firm has a market capitalization of $15.50 billion, a price-to-earnings ratio of 20.80, a P/E/G ratio of 2.83 and a beta of 0.57. Alliant Energy Corporation has a twelve month low of $50.34 and a twelve month high of $66.54. The business's fifty day simple moving average is $61.12 and its 200 day simple moving average is $60.94. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 1.21.

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

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend was Wednesday, April 30th. Alliant Energy's dividend payout ratio is presently 70.00%.

Wall Street Analysts Forecast Growth

LNT has been the subject of several recent research reports. 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 report on Friday, March 21st. BMO Capital Markets reduced their price objective on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Barclays cut Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their price objective for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. One equities research 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's stock. According to MarketBeat, Alliant Energy presently has an average rating of "Hold" and an average target price 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.