Uncommon Cents Investing LLC Grows Stock Holdings in Alliant Energy Co. (NASDAQ:LNT)

Uncommon Cents Investing LLC raised its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 47.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,608 shares of the company’s stock after purchasing an additional 4,054 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Alliant Energy were worth $746,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LNT. Annex Advisory Services LLC boosted its holdings in shares of Alliant Energy by 14.5% in the 4th quarter. Annex Advisory Services LLC now owns 11,979 shares of the company’s stock worth $708,000 after purchasing an additional 1,518 shares during the period. Merit Financial Group LLC lifted its position in Alliant Energy by 15.8% in the fourth quarter. Merit Financial Group LLC now owns 4,609 shares of the company’s stock worth $273,000 after buying an additional 630 shares during the last quarter. RDA Financial Network boosted its stake in Alliant Energy by 2.4% during the fourth quarter. RDA Financial Network now owns 7,990 shares of the company’s stock worth $473,000 after buying an additional 184 shares during the period. Hennessy Advisors Inc. increased its position in Alliant Energy by 1.0% during the fourth quarter. Hennessy Advisors Inc. now owns 31,450 shares of the company’s stock valued at $1,860,000 after acquiring an additional 300 shares during the last quarter. Finally, Ritholtz Wealth Management raised its stake in shares of Alliant Energy by 13.8% in the fourth quarter. Ritholtz Wealth Management now owns 4,805 shares of the company’s stock valued at $284,000 after acquiring an additional 581 shares during the period. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

LNT stock opened at $60.55 on Monday. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19. The business has a 50-day moving average price of $60.21 and a 200 day moving average price of $58.67. The company has a market capitalization of $15.54 billion, a P/E ratio of 23.47, a PEG ratio of 2.65 and a beta of 0.60. 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 (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, beating 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 net margin of 16.66% and a return on equity of 10.56%. The company’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. As a group, equities research analysts forecast that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be issued a $0.5075 dividend. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. This represents a $2.03 dividend on an annualized basis and a dividend yield of 3.35%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays cut their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price objective for the company from $64.00 to $67.00 in a report on Thursday, December 12th. Mizuho increased their target price on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, BMO Capital Markets lowered their target price on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Alliant Energy has an average rating of “Hold” and a consensus target price 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.