Kavar Capital Partners Group LLC Purchases New Shares in Alliant Energy Corporation (NASDAQ:LNT)

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

Several other large investors also recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Alliant Energy in the 4th quarter worth $29,000. Alpine Bank Wealth Management bought a new position in shares of Alliant Energy in the first quarter worth about $29,000. Larson Financial Group LLC lifted its position in shares of Alliant Energy by 67.5% during the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock worth $43,000 after purchasing an additional 291 shares during the last quarter. Optiver Holding B.V. lifted its position in shares of Alliant Energy by 382.5% during the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock worth $54,000 after purchasing an additional 723 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake 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 purchasing an additional 743 shares during the period. Institutional investors own 79.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on LNT shares. UBS Group lifted their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Wall Street Zen raised shares of Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. BMO Capital Markets cut their target price 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. Barclays lowered shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and raised their price target for the stock from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group set a $71.00 price objective on shares of Alliant Energy and gave the company a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Alliant Energy presently has an average rating of "Hold" and an average target price of $63.95.

Alliant Energy Price Performance

Shares of LNT stock traded up $0.03 during mid-day trading on Friday, reaching $60.35. The company's stock had a trading volume of 2,405,886 shares, compared to its average volume of 1,704,060. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. The firm's 50-day moving average is $61.11 and its two-hundred day moving average is $60.94. Alliant Energy Corporation has a 1-year low of $50.53 and a 1-year high of $66.54. The company has a market cap of $15.50 billion, a P/E ratio of 20.81, a PEG ratio of 2.85 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.12. The firm had revenue of $1.13 billion during 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%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, research analysts predict that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were given a $0.5075 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 dividend on an annualized basis and a yield of 3.36%. Alliant Energy's dividend payout ratio (DPR) is presently 70.00%.

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.