Dorsey & Whitney Trust CO LLC Acquires 2,565 Shares of Alliant Energy Co. (NASDAQ:LNT)

Dorsey & Whitney Trust CO LLC grew its holdings 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 firm owned 167,653 shares of the company’s stock after purchasing an additional 2,565 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Alliant Energy were worth $9,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Alliant Energy in the fourth quarter worth about $29,000. ORG Partners LLC lifted its holdings in shares of Alliant Energy by 517.0% in the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after buying an additional 517 shares in the last quarter. WASHINGTON TRUST Co lifted its holdings in shares of Alliant Energy by 251.2% in the fourth quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after buying an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Alliant Energy in the fourth quarter worth about $53,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Up 0.5 %

Shares of NASDAQ LNT opened at $62.49 on Friday. 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 current ratio of 0.86 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $60.30 and its two-hundred day simple moving average is $60.14. The stock has a market capitalization of $16.04 billion, a P/E ratio of 23.23, a PEG ratio of 2.83 and a beta of 0.54.

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

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st were given a dividend of $0.5075 per share. 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 3.25%. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 75.46%.

Wall Street Analyst Weigh In

LNT has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price target 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 raised their target price for the company from $64.00 to $67.00 in a research note on Thursday, December 12th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research note on Monday, February 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $63.25.

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.