AE Wealth Management LLC Purchases 47,606 Shares of Alliant Energy Corporation (NASDAQ:LNT)

AE Wealth Management LLC grew its position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 274,603 shares of the company's stock after purchasing an additional 47,606 shares during the period. AE Wealth Management LLC owned approximately 0.11% of Alliant Energy worth $17,671,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Wedbush Securities Inc. raised its stake in shares of Alliant Energy by 9.3% during the first quarter. Wedbush Securities Inc. now owns 7,246 shares of the company's stock valued at $466,000 after purchasing an additional 615 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Alliant Energy by 18.6% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 14,359 shares of the company's stock worth $924,000 after acquiring an additional 2,248 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Alliant Energy by 1,074.7% in the first quarter. Lindbrook Capital LLC now owns 3,301 shares of the company's stock valued at $212,000 after acquiring an additional 3,020 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Alliant Energy by 3.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 19,810 shares of the company's stock valued at $1,275,000 after acquiring an additional 737 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of Alliant Energy during the first quarter valued at approximately $2,413,000. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Stock Up 0.6%

NASDAQ:LNT traded up $0.36 during trading hours on Thursday, hitting $65.21. 1,303,968 shares of the company's stock traded hands, compared to its average volume of 1,931,233. Alliant Energy Corporation has a twelve month low of $54.98 and a twelve month high of $66.54. The firm has a market cap of $16.75 billion, a P/E ratio of 22.49, a P/E/G ratio of 3.06 and a beta of 0.56. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. The stock's fifty day moving average price is $61.77 and its two-hundred day moving average price is $61.39.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted 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 18.26% and a return on equity of 12.01%. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the firm earned $0.62 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. On average, research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Thursday, July 31st will be issued a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.11%. The ex-dividend date is Thursday, July 31st. Alliant Energy's dividend payout ratio is currently 70.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BMO Capital Markets decreased their price target 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. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Wolfe Research raised Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 target price on the stock in a report on Monday, July 7th. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and boosted their price target for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, UBS Group restated a "neutral" rating and set a $67.00 price objective (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alliant Energy presently has a consensus rating of "Hold" and a consensus price target of $64.23.

Alliant Energy Company 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.