Kavar Capital Partners Group LLC Buys New Stake in Alliant Energy Corporation (NASDAQ:LNT)

Kavar Capital Partners Group LLC bought a new position in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,779 shares of the company's stock, valued at approximately $308,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Alpine Bank Wealth Management acquired a new position in Alliant Energy in the 1st quarter worth approximately $29,000. WoodTrust Financial Corp acquired a new position in Alliant Energy in the 1st quarter worth approximately $328,000. FORM Wealth Advisors LLC acquired a new position in Alliant Energy in the 1st quarter worth approximately $305,000. Asset Management One Co. Ltd. boosted its stake in Alliant Energy by 5.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 168,981 shares of the company's stock worth $10,874,000 after purchasing an additional 8,133 shares during the period. Finally, Continuum Advisory LLC boosted its stake in Alliant Energy by 1,561.8% in the 1st quarter. Continuum Advisory LLC now owns 1,130 shares of the company's stock worth $73,000 after purchasing an additional 1,062 shares during the period. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.0%

Shares of Alliant Energy stock traded up $0.03 during midday trading on Friday, reaching $60.35. 2,405,886 shares of the company's stock traded hands, compared to its average volume of 1,704,060. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.85 and a beta of 0.57. The company's 50 day simple moving average is $61.11 and its 200 day simple moving average is $60.95. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. Alliant Energy Corporation has a 52 week low of $50.53 and a 52 week high of $66.54.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. Alliant Energy's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Equities analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were issued a dividend of $0.5075 per share. The ex-dividend date was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.36%. Alliant Energy's dividend payout ratio is currently 70.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. 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 research note on Tuesday, April 22nd. UBS Group raised their price objective on shares of Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their target price for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 target price on shares of Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price 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.