Signaturefd LLC Has $241,000 Stock Position in Alliant Energy Co. (NASDAQ:LNT)

Signaturefd LLC boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,732 shares of the company’s stock after acquiring an additional 431 shares during the quarter. Signaturefd LLC’s holdings in Alliant Energy were worth $241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gables Capital Management Inc. increased its stake in shares of Alliant Energy by 68.4% in the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock worth $27,000 after acquiring an additional 212 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Alliant Energy during the 4th quarter worth about $28,000. Christopher J. Hasenberg Inc acquired a new stake in shares of Alliant Energy during the 1st quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its stake 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, Benjamin F. Edwards & Company Inc. increased its holdings in Alliant Energy by 68.8% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,266 shares of the company’s stock worth $64,000 after buying an additional 516 shares during the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of NASDAQ LNT opened at $58.27 on Monday. Alliant Energy Co. has a 12 month low of $45.15 and a 12 month high of $58.69. The company has a market cap of $14.95 billion, a P/E ratio of 21.19, a P/E/G ratio of 2.78 and a beta of 0.56. The business’s 50 day moving average is $54.88 and its two-hundred day moving average is $51.50. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a return on equity of 10.23% and a net margin of 15.77%. The company had revenue of $894.00 million for the quarter, compared to the consensus estimate of $897.03 million. During the same period last year, the firm posted $0.64 EPS. The company’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts expect that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 69.82%.

Analysts Set New Price Targets

A number of research firms have issued reports on LNT. BMO Capital Markets lifted their target price on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Barclays upped their price objective on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Bank of America raised their target price on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Finally, Scotiabank increased their price target on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Alliant Energy presently has an average rating of “Hold” and an average target price of $58.50.

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.