Alliant Energy Co. (NASDAQ:LNT) Shares Acquired by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 27.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,854 shares of the company’s stock after buying an additional 15,242 shares during the period. Atria Wealth Solutions Inc.’s holdings in Alliant Energy were worth $4,131,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LNT. Natixis Advisors LLC lifted its holdings in shares of Alliant Energy by 14.7% in the third quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock valued at $11,915,000 after purchasing an additional 25,161 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alliant Energy during the 3rd quarter worth approximately $4,742,000. Principal Financial Group Inc. lifted its stake in Alliant Energy by 9.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock valued at $71,839,000 after buying an additional 101,387 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock valued at $134,518,000 after buying an additional 14,225 shares during the last quarter. Finally, Park Avenue Securities LLC purchased a new position in Alliant Energy during the fourth quarter worth $257,000. 79.90% of the stock is owned by institutional investors and hedge funds.

Alliant Energy Price Performance

Alliant Energy stock opened at $61.62 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 23.88, a PEG ratio of 2.83 and a beta of 0.60. Alliant Energy Co. has a 1 year low of $46.80 and a 1 year high of $64.19. The firm has a 50 day moving average price of $59.39 and a 200 day moving average price of $59.60.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. Sell-side analysts predict that Alliant Energy Co. will post 3.03 earnings per share for the current year.

Alliant Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were issued a $0.5075 dividend. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is 78.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LNT. Wells Fargo & Company decreased their price objective on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. BMO Capital Markets decreased their price target on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Barclays reduced their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, Scotiabank cut shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $63.39.

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.