DRW Securities LLC Raises Stock Position in Alliant Energy Co. (NASDAQ:LNT)

DRW Securities LLC increased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 1,167.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,200 shares of the company’s stock after buying an additional 142,955 shares during the period. DRW Securities LLC owned about 0.06% of Alliant Energy worth $9,179,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in Alliant Energy in the 4th quarter valued at approximately $29,000. ORG Partners LLC raised 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 acquiring an additional 517 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Alliant Energy by 67.5% in the fourth quarter. Larson Financial Group LLC now owns 722 shares of the company’s stock valued at $43,000 after acquiring an additional 291 shares in the last quarter. WASHINGTON TRUST Co boosted its stake in shares of Alliant Energy by 251.2% during the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock valued at $52,000 after acquiring an additional 628 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of Alliant Energy during the fourth quarter valued at $53,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. BMO Capital Markets upped 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. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and upped their price objective for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Guggenheim reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Finally, UBS Group increased their price target on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $63.55.

Alliant Energy Stock Performance

NASDAQ LNT opened at $58.79 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. Alliant Energy Co. has a 1-year low of $47.23 and a 1-year high of $66.54. The business’s 50-day simple moving average is $62.16 and its 200-day simple moving average is $60.80. The firm has a market capitalization of $15.10 billion, a P/E ratio of 21.86, a P/E/G ratio of 2.83 and a beta of 0.52.

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 analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The business had revenue of $976.00 million during the quarter, compared to analyst estimates of $1.14 billion. Equities analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Wednesday, April 30th. Alliant Energy’s payout ratio is 75.46%.

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.