37,703 Shares in Alliant Energy Co. (NASDAQ:LNT) Purchased by Arvest Investments Inc.

Arvest Investments Inc. acquired a new position in Alliant Energy Co. (NASDAQ:LNT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,703 shares of the company's stock, valued at approximately $1,934,000.

Several other large investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its holdings in Alliant Energy by 0.5% during the 1st quarter. HighTower Advisors LLC now owns 40,539 shares of the company's stock valued at $2,176,000 after buying an additional 196 shares in the last quarter. Linscomb & Williams Inc. grew its holdings in Alliant Energy by 3.9% during the 4th quarter. Linscomb & Williams Inc. now owns 5,298 shares of the company's stock valued at $293,000 after buying an additional 200 shares in the last quarter. Centennial Wealth Advisory LLC boosted its position in shares of Alliant Energy by 3.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company's stock valued at $302,000 after acquiring an additional 210 shares during the last quarter. Fiduciary Trust Co. boosted its position in shares of Alliant Energy by 1.8% during the 1st quarter. Fiduciary Trust Co. now owns 13,046 shares of the company's stock valued at $697,000 after acquiring an additional 230 shares during the last quarter. Finally, Accel Wealth Management boosted its position in shares of Alliant Energy by 4.4% during the 3rd quarter. Accel Wealth Management now owns 5,489 shares of the company's stock valued at $266,000 after acquiring an additional 231 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company's stock.

Insider Activity at Alliant Energy

In other news, CEO Lisa M. Barton purchased 1,100 shares of the company's stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the purchase, the chief executive officer now owns 36,444 shares in the company, valued at $1,769,720.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LNT. BMO Capital Markets downgraded Alliant Energy from an "outperform" rating to a "market perform" rating and set a $55.00 price target for the company. in a research report on Thursday, January 11th. Barclays reiterated an "equal weight" rating and set a $53.00 price target (up previously from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $54.06.

Alliant Energy Stock Down 0.6 %

LNT stock traded down $0.32 during midday trading on Thursday, hitting $49.13. The stock had a trading volume of 1,812,367 shares, compared to its average volume of 2,004,664. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.64 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $56.26. The business has a 50-day moving average of $48.65 and a two-hundred day moving average of $49.57.

Alliant Energy (NASDAQ:LNT - Get Free Report) last released its earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. The business had revenue of $961.00 million for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter in the prior year, the business posted $0.46 EPS. As a group, equities research analysts forecast that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a dividend of $0.48 per share. The ex-dividend date was Tuesday, January 30th. This is a positive change from Alliant Energy's previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a yield of 3.91%. Alliant Energy's dividend payout ratio is presently 69.06%.

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.

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