GAMMA Investing LLC Acquires 1,245 Shares of Alliant Energy Co. (NASDAQ:LNT)

GAMMA Investing LLC boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 8.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,984 shares of the company’s stock after acquiring an additional 1,245 shares during the quarter. GAMMA Investing LLC’s holdings in Alliant Energy were worth $945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of LNT. Larson Financial Group LLC lifted its stake in shares of Alliant Energy by 7,083.3% during the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Alliant Energy in the 3rd quarter valued at about $28,000. Eastern Bank acquired a new stake in Alliant Energy during the third quarter worth approximately $30,000. JNBA Financial Advisors bought a new stake in shares of Alliant Energy during the third quarter worth approximately $31,000. Finally, Kimelman & Baird LLC acquired a new position in shares of Alliant Energy in the second quarter valued at approximately $41,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.3 %

LNT opened at $58.34 on Friday. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company’s 50-day moving average is $60.27 and its 200 day moving average is $58.15. The firm has a market capitalization of $14.97 billion, a PE ratio of 22.61, a P/E/G ratio of 2.98 and a beta of 0.59.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The business’s revenue for the quarter was up .4% on a year-over-year basis. As a group, research analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.48 dividend. The ex-dividend date was Thursday, October 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.29%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group lifted their price target on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Mizuho boosted their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price target for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. BMO Capital Markets dropped their price objective on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Finally, Barclays lowered their target price on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and a consensus price target of $63.39.

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.