WoodTrust Financial Corp Takes Position in Alliant Energy Corporation (NASDAQ:LNT)

WoodTrust Financial Corp acquired a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,101 shares of the company's stock, valued at approximately $328,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Alliant Energy during the 4th quarter valued at $29,000. Larson Financial Group LLC increased its holdings in Alliant Energy by 67.5% in the 4th quarter. Larson Financial Group LLC now owns 722 shares of the company's stock valued at $43,000 after acquiring an additional 291 shares during the last quarter. Optiver Holding B.V. increased its holdings in Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company's stock valued at $54,000 after acquiring an additional 723 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in Alliant Energy by 212.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company's stock valued at $65,000 after acquiring an additional 743 shares during the last quarter. Finally, Continuum Advisory LLC increased its holdings in Alliant Energy by 1,561.8% in the 1st quarter. Continuum Advisory LLC now owns 1,130 shares of the company's stock valued at $73,000 after acquiring an additional 1,062 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Performance

Alliant Energy stock opened at $61.34 on Tuesday. The company's 50-day moving average price is $61.15 and its 200-day moving average price is $60.95. Alliant Energy Corporation has a twelve month low of $50.01 and a twelve month high of $66.54. 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 company has a market cap of $15.76 billion, a PE ratio of 21.15, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.12. Alliant Energy had a net margin of 18.26% and a return on equity of 12.01%. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the firm posted $0.62 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts forecast that Alliant Energy Corporation 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. Investors 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 dividend yield of 3.31%. Alliant Energy's dividend payout ratio is presently 70.00%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Guggenheim reiterated a "neutral" rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Jefferies Financial Group set a $71.00 price target on shares of Alliant Energy and gave the company a "buy" rating in a report on Tuesday, May 20th. Wall Street Zen upgraded shares of Alliant Energy from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Barclays downgraded shares of Alliant Energy from an "equal weight" rating to an "underweight" rating and lifted their price target for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. Finally, UBS Group lifted their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $63.95.

About Alliant Energy

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.

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