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2,330 shares of Alliant Energy Co.  (NASDAQ:LNT) bought by Mather Group LLC.

2,330 shares of Alliant Energy Co. (NASDAQ:LNT) bought by Mather Group LLC.

2,330 shares of Alliant Energy Co.  (NASDAQ:LNT) bought by Mather Group LLC.


Mather Group LLC. bought a new stake in Alliant Energy Co stock. (NASDAQ:LNT – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,330 shares of the company’s stock, valued at approximately $120,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNT. Centennial Wealth Advisory LLC increased its position in shares of Alliant Energy by 3.7% during the 4th quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock valued at $302,000 after buying an additional 210 shares during the period. Gables Capital Management Inc. boosted its holdings in Alliant Energy by 68.4% during the fourth quarter. Gables Capital Management Inc. now owns 522 shares of the company’s stock valued at $27,000 after acquiring an additional 212 shares during the period. IFM Investors Pty Ltd lifted its position in shares of Alliant Energy by 0.3% in the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock valued at $4,061,000 after acquiring an additional 233 shares in the last quarter. Goldstein Advisors LLC boosted its stake in Alliant Energy by 1.1% in the fourth quarter. Goldstein Advisors LLC now owns 22,093 shares of the company’s stock worth $1,133,000 after acquiring an additional 240 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in shares of Alliant Energy by 6.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock worth $238,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s shares.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $50.95 on Friday. The firm has a market cap of $13.06 billion, a PE ratio of 18.53, a PEG ratio of 2.72 and a beta of 0.57. The stock’s fifty-day moving average is $50.40, and its 200-day moving average is $49.85. Alliant Energy Co. it has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.40, and a current ratio of 0.56.

Alliant Energy (NASDAQ:LNT – Get Your Free Report ) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. Alliant Energy had a return on equity of 10.57% and a net margin of 17.53%. The company’s revenue for the quarter was down 4.3% year over year. During the same period in the previous year, the business posted earnings of $0.65 per share. On average, sell-side analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, April 29. This represents an annualized dividend of $1.92 and a dividend yield of 3.77%. Alliant Energy’s payout ratio is currently 69.82%.

Analysts set new price targets

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

Check out our latest analysis on LNT

About Alliant Energy

(Free report)

Alliant Energy Corporation operates as a utility holding company that provides regulated electric and natural gas services in the United States. It operates in three segments: Utility Electric Operations, Utility Gas Operations, and Other. The Company, through its subsidiary, Interstate Power and Light Company (IPL), primarily generates and distributes electric power 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.

Further reading

Want to see what other hedge funds own LNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Alliant Energy Co. (NASDAQ:LNT – Free Report).

Quarterly Institutional Ownership of Alliant Energy (NASDAQ:LNT)



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