EntryPoint Capital LLC Takes Position in Alliant Energy Co. (NASDAQ:LNT)

EntryPoint Capital LLC purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,000 shares of the company’s stock, valued at approximately $355,000.

Several other institutional investors also recently modified their holdings of the business. Larson Financial Group LLC increased its position in shares of Alliant Energy by 7,083.3% during 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. bought a new stake in Alliant Energy during the fourth quarter valued at $29,000. 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 worth $36,000 after acquiring an additional 517 shares during the period. WASHINGTON TRUST Co raised its position in shares of Alliant Energy by 251.2% in the 4th quarter. WASHINGTON TRUST Co now owns 878 shares of the company’s stock worth $52,000 after acquiring an additional 628 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of Alliant Energy in the 4th quarter valued at about $53,000. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT stock opened at $62.86 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The firm has a fifty day simple moving average of $61.61 and a two-hundred day simple moving average of $60.61. Alliant Energy Co. has a 12 month low of $47.23 and a 12 month high of $66.54. The firm has a market capitalization of $16.14 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.83 and a beta of 0.54.

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

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were issued a dividend of $0.5075 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $2.03 annualized dividend and a yield of 3.23%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. Alliant Energy’s dividend payout ratio is 75.46%.

Wall Street Analyst Weigh In

LNT has been the subject of several recent analyst reports. UBS Group raised their target price on Alliant Energy from $65.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Guggenheim reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Alliant Energy in a research report on Monday, February 24th. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their target price for the company from $64.00 to $67.00 in a research report on Thursday, December 12th. Finally, BMO Capital Markets increased their target price on shares of Alliant Energy from $60.00 to $66.00 and gave the stock a “market perform” rating in a research note on Monday, February 24th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.55.

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.