WoodTrust Financial Corp Acquires Shares of 6,203 Alliant Energy Co. (NASDAQ:LNT)

WoodTrust Financial Corp bought a new position in shares of Alliant Energy Co. (NASDAQ:LNT) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,203 shares of the company’s stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also made changes to their positions in LNT. Victory Capital Management Inc. boosted its holdings in Alliant Energy by 5.8% in the 4th quarter. Victory Capital Management Inc. now owns 9,194,528 shares of the company’s stock valued at $471,679,000 after purchasing an additional 505,101 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Alliant Energy by 68.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,802,777 shares of the company’s stock valued at $246,382,000 after acquiring an additional 1,948,485 shares during the last quarter. Cohen & Steers Inc. grew its position in Alliant Energy by 6.2% in the fourth quarter. Cohen & Steers Inc. now owns 3,651,565 shares of the company’s stock worth $187,325,000 after acquiring an additional 213,522 shares during the period. Mairs & Power Inc. increased its position in shares of Alliant Energy by 2.2% during the 4th quarter. Mairs & Power Inc. now owns 3,173,484 shares of the company’s stock worth $162,800,000 after purchasing an additional 67,550 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Alliant Energy by 2.3% in the 4th quarter. Northern Trust Corp now owns 2,491,130 shares of the company’s stock valued at $127,795,000 after buying an additional 55,131 shares during the period. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Down 0.4 %

LNT stock traded down $0.18 during mid-day trading on Friday, reaching $50.90. The company had a trading volume of 2,152,646 shares, compared to its average volume of 1,478,687. The firm has a fifty day simple moving average of $50.63 and a 200 day simple moving average of $49.82. 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 Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.72 and a beta of 0.57.

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

Alliant Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is 69.82%.

Wall Street Analysts Forecast Growth

LNT has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday, April 15th. Bank of America cut their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. LADENBURG THALM/SH SH lowered their price target on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Wells Fargo & Company increased their target price on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, May 6th. Finally, Scotiabank dropped their target price on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $51.38.

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.