LifeWealth Investments LLC Raises Holdings in Alliant Energy Corporation (NASDAQ:LNT)

LifeWealth Investments LLC boosted its holdings in shares of Alliant Energy Corporation (NASDAQ:LNT) by 66.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,229 shares of the company’s stock after acquiring an additional 2,891 shares during the quarter. LifeWealth Investments LLC’s holdings in Alliant Energy were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNT. SBI Securities Co. Ltd. purchased a new position in shares of Alliant Energy during the 4th quarter worth approximately $29,000. Larson Financial Group LLC increased its stake in shares of Alliant Energy by 67.5% during the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock worth $43,000 after buying an additional 291 shares during the period. Optiver Holding B.V. increased its position in shares of Alliant Energy by 382.5% in the 4th quarter. Optiver Holding B.V. now owns 912 shares of the company’s stock valued at $54,000 after purchasing an additional 723 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in Alliant Energy by 212.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,092 shares of the company’s stock valued at $65,000 after buying an additional 743 shares in the last quarter. Finally, Graney & King LLC purchased a new stake in Alliant Energy during the 4th quarter worth about $70,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LNT. Guggenheim restated a “neutral” rating and set a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Barclays cut shares of Alliant Energy from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $59.00 to $61.00 in a report on Tuesday, April 22nd. UBS Group boosted their price target on shares of Alliant Energy from $65.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Jefferies Financial Group set a $71.00 price objective on Alliant Energy and gave the stock a “buy” rating in a report on Tuesday, May 20th. Finally, BMO Capital Markets reduced their target price on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.95.

Alliant Energy Stock Performance

NASDAQ LNT opened at $60.09 on Wednesday. The firm has a market cap of $15.44 billion, a P/E ratio of 20.72, a P/E/G ratio of 2.85 and a beta of 0.57. Alliant Energy Corporation has a 52-week low of $49.49 and a 52-week high of $66.54. The business’s 50-day moving average price is $61.17 and its 200 day moving average price is $60.99. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.12. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. On average, equities research analysts expect that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.5075 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $2.03 annualized dividend and a yield of 3.38%. Alliant Energy’s dividend payout ratio is currently 70.00%.

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.