Alliant Energy Corporation (NASDAQ:LNT) Stock Position Lifted by Money Concepts Capital Corp

Money Concepts Capital Corp increased its stake in Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,440 shares of the company's stock after acquiring an additional 5,692 shares during the period. Money Concepts Capital Corp's holdings in Alliant Energy were worth $4,468,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Alliant Energy during the 4th quarter valued at $29,000. Alpine Bank Wealth Management acquired a new position in Alliant Energy in the first quarter worth approximately $29,000. Larson Financial Group LLC raised its position in Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after acquiring an additional 291 shares in the last quarter. Optiver Holding B.V. lifted its stake in Alliant Energy by 382.5% in the fourth quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after acquiring an additional 723 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its position in Alliant Energy by 212.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock worth $65,000 after acquiring an additional 743 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

LNT opened at $60.32 on Friday. The stock's 50 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. The stock has a market cap of $15.50 billion, a PE ratio of 20.80, a P/E/G ratio of 2.83 and a beta of 0.57. Alliant Energy Corporation has a 1 year low of $50.34 and a 1 year high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last announced its quarterly earnings data 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. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The company had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same quarter in the prior year, the company posted $0.62 EPS. The business's revenue was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

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

Analysts Set New Price Targets

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

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.

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