WoodTrust Financial Corp Makes New $328,000 Investment in Alliant Energy Corporation (NASDAQ:LNT)

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

Several other hedge funds and other institutional investors also recently modified their holdings of LNT. Vanguard Group Inc. boosted its stake in shares of Alliant Energy by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 32,663,708 shares of the company's stock valued at $1,931,732,000 after buying an additional 226,275 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Alliant Energy by 0.7% in the fourth quarter. Janus Henderson Group PLC now owns 10,768,159 shares of the company's stock valued at $636,829,000 after acquiring an additional 76,987 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Alliant Energy by 7.7% in the fourth 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. Geode Capital Management LLC increased its stake in Alliant Energy by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 6,695,767 shares of the company's stock valued at $395,017,000 after purchasing an additional 102,601 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Alliant Energy by 9,113.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,187,345 shares of the company's stock worth $247,640,000 after acquiring an additional 4,141,895 shares during the last quarter. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Up 0.0%

LNT traded up $0.03 on Friday, reaching $60.35. The company's stock had a trading volume of 2,405,886 shares, compared to its average volume of 1,705,854. The stock 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. Alliant Energy Corporation has a 1 year low of $50.53 and a 1 year high of $66.54. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.34 and a quick ratio of 0.24. The business's 50 day moving average is $61.11 and its 200 day moving average is $60.94.

Alliant Energy (NASDAQ:LNT - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.12. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.09 billion. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. Alliant Energy's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. As a group, 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 announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Wednesday, April 30th. Alliant Energy's dividend payout ratio is presently 70.00%.

Analyst Upgrades and Downgrades

LNT has been the subject of several research analyst reports. UBS Group upped their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays lowered Alliant Energy from an "equal weight" rating to an "underweight" rating and increased their target price for the company from $59.00 to $61.00 in a research note on Tuesday, April 22nd. BMO Capital Markets lowered 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. Wall Street Zen upgraded Alliant Energy from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Jefferies Financial Group set a $71.00 target price on Alliant Energy and gave the company a "buy" rating in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Alliant Energy currently has a consensus 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.