Accel Wealth Management Has $307,000 Position in Alliant Energy Co. (NASDAQ:LNT)

Accel Wealth Management grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 9.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,083 shares of the company’s stock after buying an additional 547 shares during the period. Accel Wealth Management’s holdings in Alliant Energy were worth $307,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its stake in Alliant Energy by 29.5% in the first quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,488 shares of the company’s stock valued at $428,000 after acquiring an additional 1,936 shares during the period. Steele Capital Management Inc. increased its stake in Alliant Energy by 8.7% in the first quarter. Steele Capital Management Inc. now owns 6,075 shares of the company’s stock valued at $306,000 after acquiring an additional 485 shares during the period. BKM Wealth Management LLC increased its stake in Alliant Energy by 24.7% in the first quarter. BKM Wealth Management LLC now owns 3,002 shares of the company’s stock valued at $151,000 after acquiring an additional 594 shares during the period. Iron Horse Wealth Management LLC bought a new stake in Alliant Energy in the first quarter valued at about $124,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in Alliant Energy by 9.2% during the first quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 48,055 shares of the company’s stock worth $2,422,000 after buying an additional 4,056 shares during the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analysts Set New Price Targets

LNT has been the topic of several research analyst reports. BMO Capital Markets upped their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. Bank of America decreased their price objective on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Wells Fargo & Company upped their price objective on shares of Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. LADENBURG THALM/SH SH decreased their price objective on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Finally, Scotiabank decreased their price objective on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.38.

Alliant Energy Price Performance

LNT opened at $50.81 on Friday. Alliant Energy Co. has a one year low of $45.15 and a one year high of $56.26. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.56 and a quick ratio of 0.40. The company’s 50 day simple moving average is $50.69 and its 200-day simple moving average is $49.80. The stock has a market capitalization of $13.03 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 2.70 and a beta of 0.56.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $0.65 earnings per share. Alliant Energy’s revenue was down 4.3% compared to the same quarter last year. Sell-side analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.92 annualized dividend and a yield of 3.78%. Alliant Energy’s dividend payout ratio is currently 69.82%.

About Alliant Energy

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.