Great Valley Advisor Group Inc. Invests $204,000 in Alliant Energy Co. (NASDAQ:LNT)

Great Valley Advisor Group Inc. acquired a new stake in shares of Alliant Energy Co. (NASDAQ:LNT) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,983 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors also recently added to or reduced their stakes in LNT. Wetzel Investment Advisors Inc. purchased a new stake in Alliant Energy in the fourth quarter valued at about $26,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Alliant Energy during the fourth quarter valued at about $38,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Alliant Energy in the 4th quarter valued at approximately $43,000. Authentikos Wealth Advisory LLC acquired a new stake in Alliant Energy in the 3rd quarter worth approximately $42,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Alliant Energy during the 3rd quarter worth approximately $45,000. Institutional investors own 79.90% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Bank of America decreased their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Scotiabank dropped their price target on Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a research note on Monday, April 22nd. BMO Capital Markets increased their price objective on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a report on Monday, April 15th. Wells Fargo & Company lifted their target price on Alliant Energy from $55.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday. Finally, LADENBURG THALM/SH SH cut their price target on shares of Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Alliant Energy presently has an average rating of “Hold” and an average price target of $51.38.

Alliant Energy Stock Up 1.2 %

Alliant Energy stock opened at $51.13 on Wednesday. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $56.26. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 2.69 and a beta of 0.54. The business’s 50-day moving average price is $49.14 and its 200 day moving average price is $49.57. The company has a quick ratio of 0.40, a current ratio of 0.56 and a debt-to-equity ratio of 1.25.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. Alliant Energy had a net margin of 17.53% and a return on equity of 10.57%. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s revenue was down 4.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Alliant Energy Co. will post 3.08 earnings per share for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Monday, April 29th. Alliant Energy’s payout ratio is currently 69.82%.

Insider Activity

In other Alliant Energy news, CEO Lisa M. Barton acquired 1,100 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was acquired at an average cost of $48.56 per share, for a total transaction of $53,416.00. Following the completion of the transaction, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

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.