Impact Partnership Wealth LLC Invests $459,000 in Alliant Energy Corporation (NASDAQ:LNT)

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

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Alliant Energy by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock worth $1,931,732,000 after acquiring an additional 226,275 shares during the period. Janus Henderson Group PLC lifted its position in Alliant Energy by 0.7% during the fourth quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company's stock valued at $636,829,000 after purchasing an additional 76,987 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Alliant Energy by 7.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 7,012,572 shares of the company's stock valued at $414,724,000 after purchasing an additional 499,802 shares in the last quarter. Geode Capital Management LLC lifted its position in Alliant Energy by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock valued at $395,017,000 after purchasing an additional 102,601 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its position in Alliant Energy by 9,113.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock valued at $247,640,000 after purchasing an additional 4,141,895 shares in the last quarter. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

LNT traded up $0.99 on Tuesday, reaching $65.55. The company had a trading volume of 1,282,761 shares, compared to its average volume of 1,733,609. 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 stock has a market capitalization of $16.84 billion, a PE ratio of 22.60, a P/E/G ratio of 3.03 and a beta of 0.56. Alliant Energy Corporation has a 1 year low of $54.61 and a 1 year high of $66.54. The stock has a 50-day moving average price of $61.40 and a 200-day moving average price of $61.23.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.09 billion. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. Alliant Energy's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, research analysts forecast that Alliant Energy Corporation will post 3.23 EPS 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 paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, July 31st. Alliant Energy's payout ratio is 70.00%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LNT shares. 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. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the stock a "buy" rating in a report on Tuesday, May 20th. BMO Capital Markets cut their price target on shares of Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. UBS Group restated a "neutral" rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. 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 stock. According to data from MarketBeat, Alliant Energy currently has an average rating of "Hold" and an average 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.