Tounjian Advisory Partners LLC Acquires Shares of 22,808 Alliant Energy Co. (NASDAQ:LNT)

Tounjian Advisory Partners LLC purchased a new stake in Alliant Energy Co. (NASDAQ:LNT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,808 shares of the company's stock, valued at approximately $1,468,000.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in Alliant Energy by 112.9% during the first quarter. Farther Finance Advisors LLC now owns 5,860 shares of the company's stock worth $378,000 after buying an additional 3,108 shares in the last quarter. Moss Adams Wealth Advisors LLC raised its holdings in shares of Alliant Energy by 5.9% in the first quarter. Moss Adams Wealth Advisors LLC now owns 3,629 shares of the company's stock worth $234,000 after acquiring an additional 201 shares during the last quarter. RDA Financial Network lifted its holdings in Alliant Energy by 2.9% in the 1st quarter. RDA Financial Network now owns 8,224 shares of the company's stock valued at $529,000 after purchasing an additional 234 shares in the last quarter. Godsey & Gibb Inc. lifted its stake in shares of Alliant Energy by 0.9% during the first quarter. Godsey & Gibb Inc. now owns 373,584 shares of the company's stock valued at $24,040,000 after buying an additional 3,280 shares during the period. Finally, City State Bank boosted its holdings in shares of Alliant Energy by 0.6% during the first quarter. City State Bank now owns 71,951 shares of the company's stock worth $4,630,000 after purchasing an additional 404 shares during the last quarter. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Stock Performance

Shares of Alliant Energy stock traded up $0.40 during trading on Thursday, hitting $61.53. 1,317,891 shares of the stock were exchanged, compared to its average volume of 1,703,007. The company has a fifty day moving average price of $61.06 and a 200-day moving average price of $61.08. Alliant Energy Co. has a 1-year low of $49.25 and a 1-year high of $66.54. The stock has a market capitalization of $15.81 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 2.83 and a beta of 0.57. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results 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. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the prior year, the company earned $0.62 earnings per share. The company's quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Alliant Energy Co. will post 3.23 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders 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 annualized dividend and a dividend yield of 3.30%. Alliant Energy's payout ratio is 70.00%.

Analysts Set New Price Targets

LNT has been the topic of a number of research analyst reports. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. BMO Capital Markets cut their price target on Alliant Energy from $66.00 to $64.00 and set a "market perform" rating on the stock 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 objective for the stock from $59.00 to $61.00 in a report on Tuesday, April 22nd. Guggenheim reiterated a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Finally, UBS Group increased 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $63.95.

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.