Uncommon Cents Investing LLC Purchases 4,054 Shares of Alliant Energy Co. (NASDAQ:LNT)

Uncommon Cents Investing LLC raised its position in Alliant Energy Co. (NASDAQ:LNT) by 47.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,608 shares of the company’s stock after acquiring an additional 4,054 shares during the period. Uncommon Cents Investing LLC’s holdings in Alliant Energy were worth $746,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock valued at $26,000 after purchasing an additional 425 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in Alliant Energy during the 3rd quarter worth approximately $28,000. Eastern Bank acquired a new position in Alliant Energy during the 3rd quarter valued at approximately $30,000. JNBA Financial Advisors purchased a new position in shares of Alliant Energy in the third quarter worth $31,000. Finally, ORG Partners LLC lifted its stake in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $60.55 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The stock has a market capitalization of $15.54 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 2.65 and a beta of 0.60. The firm’s 50 day simple moving average is $60.21 and its 200-day simple moving average is $58.67. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.10 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share. Analysts expect that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a $0.5075 dividend. This is a boost from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a yield of 3.35%. Alliant Energy’s dividend payout ratio is presently 74.42%.

Wall Street Analysts Forecast Growth

LNT has been the topic of several research reports. Mizuho upped their target price on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. BMO Capital Markets reduced their price objective on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Barclays decreased their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price target for the stock from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Six 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 price target of $63.39.

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.