Larson Financial Group LLC Increases Holdings in Alliant Energy Co. (NASDAQ:LNT)

Larson Financial Group LLC boosted its stake in Alliant Energy Co. (NASDAQ:LNT) by 7,083.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 431 shares of the company’s stock after purchasing an additional 425 shares during the period. Larson Financial Group LLC’s holdings in Alliant Energy were worth $26,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LNT. Northwest Investment Counselors LLC acquired a new position in shares of Alliant Energy during the third quarter worth $28,000. Eastern Bank purchased a new stake in Alliant Energy during the 3rd quarter worth $30,000. JNBA Financial Advisors acquired a new position in Alliant Energy in the 3rd quarter worth $31,000. Kimelman & Baird LLC purchased a new position in Alliant Energy in the 2nd quarter valued at about $41,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Alliant Energy during the second quarter valued at about $43,000. 79.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and increased their price target for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Barclays dropped their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. UBS Group increased their price objective on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Mizuho boosted their target price on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research report on Friday, October 4th. Finally, Scotiabank increased their price target on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy has a consensus rating of “Hold” and a consensus target price of $63.06.

Alliant Energy Price Performance

LNT opened at $63.20 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company’s 50-day moving average price is $60.62 and its 200 day moving average price is $56.52. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 3.14 and a beta of 0.58. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19.

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

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.04%. Alliant Energy’s payout ratio is 74.42%.

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.