Annex Advisory Services LLC Purchases 1,518 Shares of Alliant Energy Co. (NASDAQ:LNT)

Annex Advisory Services LLC boosted its position in Alliant Energy Co. (NASDAQ:LNT) by 14.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,979 shares of the company’s stock after acquiring an additional 1,518 shares during the period. Annex Advisory Services LLC’s holdings in Alliant Energy were worth $708,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNT. Larson Financial Group LLC raised its stake in 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 acquiring an additional 425 shares during the period. Northwest Investment Counselors LLC purchased a new position in Alliant Energy during the 3rd quarter valued at about $28,000. Eastern Bank purchased a new position in Alliant Energy during the 3rd quarter valued at about $30,000. JNBA Financial Advisors purchased a new position in Alliant Energy during the 3rd quarter valued at about $31,000. Finally, ORG Partners LLC grew its holdings in Alliant Energy by 517.0% during the 4th quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after buying an additional 517 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.8 %

Shares of LNT opened at $60.55 on Tuesday. The firm has a market cap of $15.54 billion, a P/E ratio of 23.47, a P/E/G ratio of 2.65 and a beta of 0.60. The stock has a 50 day simple moving average of $60.21 and a two-hundred day simple moving average of $58.72. 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 $46.80 and a 1 year high of $64.19.

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

Alliant Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a $0.5075 dividend. This represents a $2.03 annualized dividend and a yield of 3.35%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio is currently 74.42%.

Analyst Ratings Changes

A number of research analysts have weighed in on LNT shares. Barclays reduced 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. Wells Fargo & Company reduced their target price on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. BMO Capital Markets reduced their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Scotiabank lowered Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, Mizuho boosted their price objective on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Alliant Energy currently has a consensus rating of “Hold” and an average price target of $63.39.

Alliant Energy 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.