Alliant Energy Co. (NASDAQ:LNT) Shares Acquired by Arvest Investments Inc.

Arvest Investments Inc. raised its position in Alliant Energy Co. (NASDAQ:LNT - Free Report) by 16.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 29,656 shares of the company's stock after acquiring an additional 4,283 shares during the period. Arvest Investments Inc.'s holdings in Alliant Energy were worth $1,908,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in shares of Alliant Energy in the 4th quarter valued at about $29,000. Larson Financial Group LLC increased its holdings in shares of Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after purchasing an additional 291 shares in the last quarter. WASHINGTON TRUST Co increased its holdings in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company's stock valued at $52,000 after purchasing an additional 628 shares in the last quarter. Optiver Holding B.V. increased its holdings 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 acquiring an additional 723 shares in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings 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 in the last quarter. Institutional investors and hedge funds own 79.90% of the company's stock.

Alliant Energy Trading Down 0.7%

Shares of NASDAQ LNT traded down $0.45 during midday trading on Friday, reaching $61.08. 1,694,166 shares of the stock were exchanged, compared to its average volume of 1,710,549. The company has a market capitalization of $15.69 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.83 and a beta of 0.57. Alliant Energy Co. has a 52-week low of $49.40 and a 52-week high of $66.54. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The stock has a 50 day moving average price of $61.14 and a 200-day moving average price of $61.03.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued 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. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a net margin of 17.33% and a return on equity of 11.39%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. Equities research analysts expect that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.5075 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 annualized dividend and a dividend yield of 3.32%. Alliant Energy's dividend payout ratio is presently 70.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. UBS Group raised their target price on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Guggenheim restated a "neutral" rating and set a $57.00 target price on shares of Alliant Energy in a report on Monday, February 24th. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their target price for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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.