Impact Partnership Wealth LLC Acquires New Holdings in Alliant Energy Corporation (NASDAQ:LNT)

Impact Partnership Wealth LLC purchased a new position in Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,127 shares of the company's stock, valued at approximately $459,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hughes Financial Services LLC acquired a new stake in shares of Alliant Energy in the first quarter valued at about $27,000. Alpine Bank Wealth Management bought a new stake in Alliant Energy during the first quarter worth $29,000. Tsfg LLC bought a new stake in Alliant Energy during the first quarter worth $34,000. TD Private Client Wealth LLC bought a new stake in Alliant Energy during the first quarter worth $34,000. Finally, First Command Advisory Services Inc. bought a new stake in Alliant Energy during the first quarter worth $34,000. 79.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group reaffirmed a "neutral" rating and set a $67.00 price target (up previously from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. Barclays cut shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their price objective for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Wolfe Research raised shares of Alliant Energy from a "peer perform" rating to an "outperform" rating and set a $68.00 price objective on the stock in a research report on Monday, July 7th. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Finally, Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $64.23.

Alliant Energy Price Performance

LNT stock traded down $0.93 during trading on Wednesday, reaching $64.81. The company's stock had a trading volume of 767,896 shares, compared to its average volume of 1,737,003. Alliant Energy Corporation has a 1 year low of $54.61 and a 1 year 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 company has a market capitalization of $16.65 billion, a P/E ratio of 22.37, a price-to-earnings-growth ratio of 3.05 and a beta of 0.56. The company's fifty day moving average is $61.40 and its 200-day moving average is $61.23.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.09 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The business's revenue was up 9.4% on a year-over-year basis. On average, research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be given a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, July 31st. Alliant Energy's dividend payout ratio (DPR) 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.