PFG Investments LLC Buys 12,887 Shares of Alliant Energy Corporation (NASDAQ:LNT)

PFG Investments LLC increased its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) by 204.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,183 shares of the company's stock after buying an additional 12,887 shares during the period. PFG Investments LLC's holdings in Alliant Energy were worth $1,234,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LNT. T. Rowe Price Investment Management Inc. increased its stake in shares of Alliant Energy by 9,113.1% in 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 buying an additional 4,141,895 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Alliant Energy during the 1st quarter worth approximately $82,496,000. GAMMA Investing LLC raised its holdings in Alliant Energy by 6,869.6% during the 1st quarter. GAMMA Investing LLC now owns 1,114,027 shares of the company's stock worth $71,688,000 after purchasing an additional 1,098,043 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Alliant Energy in the 4th quarter worth approximately $31,201,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Alliant Energy by 7.7% in the 4th 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 during the last quarter. 79.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LNT has been the subject of a number of analyst reports. Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their target price for the stock from $59.00 to $61.00 in a research note on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. BMO Capital Markets decreased their target price on 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. Finally, UBS Group boosted their price target on Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. 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 company. Based on data from MarketBeat, Alliant Energy presently has a consensus rating of "Hold" and an average target price of $63.95.

Alliant Energy Stock Up 0.4%

Alliant Energy stock traded up $0.23 during mid-day trading on Thursday, reaching $60.32. The stock had a trading volume of 1,297,440 shares, compared to its average volume of 1,700,355. 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 fifty-two week low of $50.34 and a fifty-two week high of $66.54. The stock's 50-day simple moving average is $61.12 and its 200-day simple moving average is $60.94. The firm has a market capitalization of $15.50 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.12. The firm 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%. The business's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 earnings per share. On average, sell-side analysts forecast that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid 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 yield of 3.37%. Alliant Energy's dividend payout ratio (DPR) is currently 70.00%.

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.