Vaughan David Investments LLC IL Buys 36,279 Shares of Alliant Energy Co. (NASDAQ:LNT)

Vaughan David Investments LLC IL raised its stake in shares of Alliant Energy Co. (NASDAQ:LNT - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 732,805 shares of the company's stock after acquiring an additional 36,279 shares during the period. Vaughan David Investments LLC IL owned about 0.29% of Alliant Energy worth $37,593,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Great West Life Assurance Co. Can increased its holdings in Alliant Energy by 3.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 117,612 shares of the company's stock worth $7,714,000 after acquiring an additional 3,451 shares during the last quarter. Prudential PLC purchased a new position in Alliant Energy during the 1st quarter valued at about $427,000. National Pension Service grew its holdings in Alliant Energy by 11,488.8% during the 1st quarter. National Pension Service now owns 371,883 shares of the company's stock valued at $23,235,000 after buying an additional 368,674 shares in the last quarter. Vanguard Group Inc. grew its holdings in Alliant Energy by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company's stock valued at $1,938,766,000 after buying an additional 342,340 shares in the last quarter. Finally, Covestor Ltd grew its holdings in Alliant Energy by 67.2% during the 1st quarter. Covestor Ltd now owns 1,988 shares of the company's stock valued at $124,000 after buying an additional 799 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Lisa M. Barton purchased 1,100 shares of Alliant Energy stock in a transaction that occurred on Tuesday, February 20th. The shares were 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 directly owns 36,444 shares in the company, valued at $1,769,720.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.25% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LNT shares. BMO Capital Markets lowered Alliant Energy from an "outperform" rating to a "market perform" rating and set a $55.00 target price for the company. in a report on Thursday, January 11th. Bank of America dropped their price target on Alliant Energy from $55.00 to $54.00 and set a "buy" rating for the company in a research report on Thursday. Finally, 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $53.56.

Alliant Energy Trading Down 1.0 %

LNT stock traded down $0.48 during midday trading on Friday, hitting $48.00. The company had a trading volume of 1,581,089 shares, compared to its average volume of 1,973,506. The company has a current ratio of 0.55, a quick ratio of 0.40 and a debt-to-equity ratio of 1.21. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26. The stock's 50 day moving average price is $48.65 and its 200 day moving average price is $49.47. The stock has a market cap of $12.29 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 2.57 and a beta of 0.55.

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

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.

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