Cozad Asset Management Inc. Acquires 1,642 Shares of Alliant Energy Corporation (NASDAQ:LNT)

Cozad Asset Management Inc. boosted its holdings in Alliant Energy Corporation (NASDAQ:LNT) by 6.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,037 shares of the company’s stock after buying an additional 1,642 shares during the period. Cozad Asset Management Inc.’s holdings in Alliant Energy were worth $1,804,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Hughes Financial Services LLC acquired a new position in shares of Alliant Energy in the first quarter valued at $27,000. Alpine Bank Wealth Management acquired a new position in shares of Alliant Energy in the first quarter valued at $29,000. TD Private Client Wealth LLC acquired a new position in shares of Alliant Energy in the first quarter valued at $34,000. First Command Advisory Services Inc. acquired a new position in shares of Alliant Energy in the first quarter valued at $34,000. Finally, Tsfg LLC bought a new stake in Alliant Energy in the first quarter valued at $34,000. 79.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LNT shares. Wall Street Zen upgraded Alliant Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 15th. BMO Capital Markets lowered their price target on Alliant Energy from $66.00 to $64.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group set a $71.00 price target on Alliant Energy and gave the company a “buy” rating in a research report on Tuesday, May 20th. Barclays cut Alliant Energy from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $59.00 to $61.00 in a research report on Tuesday, April 22nd. Finally, UBS Group reiterated a “neutral” rating and issued a $67.00 price target (up from $65.00) on shares of Alliant Energy in a research report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alliant Energy presently has a consensus rating of “Hold” and an average target price of $64.23.

Alliant Energy Price Performance

Shares of LNT stock opened at $64.50 on Wednesday. The stock’s fifty day moving average is $61.86 and its 200-day moving average is $61.56. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.24 and a current ratio of 0.34. The stock has a market capitalization of $16.57 billion, a PE ratio of 22.24, a PEG ratio of 3.01 and a beta of 0.56. Alliant Energy Corporation has a 52 week low of $54.98 and a 52 week high of $66.54.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, May 8th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.71 by $0.12. The company had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Alliant Energy had a return on equity of 12.01% and a net margin of 18.26%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. Equities research analysts expect that Alliant Energy Corporation will post 3.23 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Thursday, July 31st will be issued a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, July 31st. Alliant Energy’s dividend payout ratio is 70.00%.

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.