Morton Community Bank Purchases 1,010 Shares of Alliant Energy Co. (NASDAQ:LNT)

Morton Community Bank increased its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,223 shares of the company’s stock after buying an additional 1,010 shares during the period. Morton Community Bank’s holdings in Alliant Energy were worth $3,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LNT. Larson Financial Group LLC increased its stake 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 acquiring an additional 425 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Alliant Energy in the 4th quarter valued at about $29,000. ORG Partners LLC increased its holdings in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock valued at $36,000 after acquiring an additional 517 shares in the last quarter. WASHINGTON TRUST Co raised its position in shares of Alliant Energy by 251.2% during the fourth 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. bought a new position in shares of Alliant Energy in the 4th quarter worth $53,000. Institutional investors and hedge funds own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock 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 increased their target price for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, Guggenheim reaffirmed a “neutral” rating and set a $57.00 price target on shares of Alliant Energy in a research report on Monday, February 24th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.25.

Alliant Energy Trading Up 0.5 %

LNT stock opened at $62.49 on Monday. Alliant Energy Co. has a one year low of $47.23 and a one year high of $66.54. The company has a market capitalization of $16.04 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54. The company’s 50 day moving average price is $60.36 and its two-hundred day moving average price is $60.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data 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 firm had revenue of $976.00 million for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, analysts predict that Alliant Energy Co. will post 3.23 earnings per share for the current fiscal year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were paid a $0.5075 dividend. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, January 31st. This represents a $2.03 dividend on an annualized basis and a yield of 3.25%. Alliant Energy’s dividend payout ratio (DPR) is presently 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.