Jones Financial Companies Lllp Raises Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Jones Financial Companies Lllp increased its stake in Alliant Energy Co. (NASDAQ:LNT) by 26.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 67,082 shares of the company’s stock after buying an additional 13,871 shares during the quarter. Jones Financial Companies Lllp’s holdings in Alliant Energy were worth $3,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LNT. Larson Financial Group LLC boosted its holdings in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after acquiring an additional 425 shares during the period. JNBA Financial Advisors purchased a new position in shares of Alliant Energy during the 3rd quarter valued at $31,000. ORG Partners LLC increased its holdings in shares of Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the period. WASHINGTON TRUST Co increased its stake in Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after acquiring an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Alliant Energy during the 4th quarter valued at about $53,000. 79.90% of the stock is owned by institutional investors.

Alliant Energy Stock Performance

Alliant Energy stock opened at $64.26 on Wednesday. Alliant Energy Co. has a 1-year low of $47.23 and a 1-year high of $66.54. The firm has a market cap of $16.50 billion, a P/E ratio of 23.89, a P/E/G ratio of 2.83 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average of $60.17 and a 200-day moving average of $60.10.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $1.14 billion. Sell-side analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Guggenheim reissued a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Barclays cut their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. BMO Capital Markets increased their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Finally, Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.25.

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.