Sage Mountain Advisors LLC Invests $200,000 in Alliant Energy Co. (NASDAQ:LNT)

Sage Mountain Advisors LLC purchased a new position in Alliant Energy Co. (NASDAQ:LNT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,387 shares of the company’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LNT. Larson Financial Group LLC raised its holdings in shares of Alliant Energy by 7,083.3% in the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after buying an additional 425 shares during the period. SBI Securities Co. Ltd. purchased a new position in Alliant Energy during the 4th quarter worth $29,000. ORG Partners LLC increased its holdings in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the period. WASHINGTON TRUST Co increased its holdings in Alliant Energy by 251.2% during the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after purchasing an additional 628 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Alliant Energy during the 4th quarter worth $53,000. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNT has been the topic of several research reports. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets lifted their price target on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a report on Monday, February 24th. Finally, Guggenheim reiterated a “neutral” rating and issued a $57.00 price target on shares of Alliant Energy in a report on Monday, February 24th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.25.

Alliant Energy Stock Performance

Shares of LNT opened at $62.18 on Thursday. The stock has a 50-day moving average of $60.56 and a two-hundred day moving average of $60.29. Alliant Energy Co. has a one year low of $47.23 and a one year high of $66.54. 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 stock has a market cap of $15.96 billion, a P/E ratio of 23.12, a P/E/G ratio of 2.83 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.02. The business had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $1.14 billion. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. As a group, research analysts predict that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The business 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 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Friday, January 31st. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s payout ratio is 75.46%.

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.