PFG Investments LLC Acquires 3,345 Shares of Alliant Energy Co. (NASDAQ:LNT)

PFG Investments LLC boosted its holdings in Alliant Energy Co. (NASDAQ:LNT) by 75.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,795 shares of the company’s stock after purchasing an additional 3,345 shares during the quarter. PFG Investments LLC’s holdings in Alliant Energy were worth $393,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LNT. Wetzel Investment Advisors Inc. acquired a new stake in shares of Alliant Energy during the 4th quarter worth $26,000. Gables Capital Management Inc. grew its stake in Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after buying an additional 212 shares in the last quarter. Scarborough Advisors LLC acquired a new position in shares of Alliant Energy in the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its position in shares of Alliant Energy by 252.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 662 shares of the company’s stock valued at $34,000 after buying an additional 474 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Alliant Energy during the 4th quarter worth approximately $38,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.1 %

Shares of LNT stock traded up $0.03 during mid-day trading on Tuesday, reaching $49.80. 2,294,667 shares of the stock traded hands, compared to its average volume of 1,920,013. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21. The stock’s fifty day simple moving average is $48.96 and its two-hundred day simple moving average is $49.55. Alliant Energy Co. has a 1-year low of $45.15 and a 1-year high of $56.26.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Friday, February 16th. The company reported $0.48 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 analyst estimates of $1.25 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, research analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.92 dividend on an annualized basis and a yield of 3.86%. Alliant Energy’s payout ratio is 69.06%.

Analyst Ratings Changes

A number of research analysts recently issued reports on LNT shares. BMO Capital Markets boosted their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. Scotiabank lowered their price target on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. LADENBURG THALM/SH SH reduced their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday. Barclays reissued an “equal weight” rating and issued a $53.00 target price (up previously from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. Finally, Bank of America decreased their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.71.

Insider Buying and Selling

In related news, CEO Lisa M. Barton bought 1,100 shares of Alliant Energy stock in a transaction that occurred on Tuesday, February 20th. The shares were acquired at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the acquisition, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.