PFG Investments LLC Purchases 3,345 Shares of Alliant Energy Co. (NASDAQ:LNT)

PFG Investments LLC lifted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 75.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,795 shares of the company’s stock after acquiring an additional 3,345 shares during the quarter. PFG Investments LLC’s holdings in Alliant Energy were worth $393,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Czech National Bank grew its position in shares of Alliant Energy by 48.4% during the 3rd quarter. Czech National Bank now owns 44,170 shares of the company’s stock valued at $2,140,000 after acquiring an additional 14,411 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in shares of Alliant Energy during the 3rd quarter valued at approximately $38,000. Cambridge Investment Research Advisors Inc. grew its stake in Alliant Energy by 1.3% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 96,950 shares of the company’s stock valued at $4,697,000 after acquiring an additional 1,209 shares in the last quarter. Xponance Inc. increased its holdings in shares of Alliant Energy by 3.4% in the 3rd quarter. Xponance Inc. now owns 34,671 shares of the company’s stock worth $1,680,000 after buying an additional 1,130 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Alliant Energy by 5.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 64,614 shares of the company’s stock valued at $3,131,000 after buying an additional 3,510 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Trading Up 0.1 %

Alliant Energy stock traded up $0.03 during midday trading on Tuesday, reaching $49.80. The stock had a trading volume of 2,294,667 shares, compared to its average volume of 1,920,013. The firm has a market cap of $12.75 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The company has a fifty day moving average of $48.96 and a 200 day moving average of $49.55. Alliant Energy Co. has a 52-week low of $45.15 and a 52-week high of $56.26. The company has a quick ratio of 0.40, a current ratio of 0.55 and a debt-to-equity ratio of 1.21.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.07). The business had revenue of $961.00 million during the quarter, compared to the consensus estimate of $1.25 billion. Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. During the same period last year, the company earned $0.46 EPS. On average, analysts anticipate that Alliant Energy Co. will post 3.07 earnings per share for the current fiscal year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.86%. The ex-dividend date is Monday, April 29th. Alliant Energy’s payout ratio is 69.06%.

Analyst Ratings Changes

LNT has been the subject of several recent analyst reports. Scotiabank decreased their target price on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating for the company in a report on Monday, April 22nd. Barclays restated an “equal weight” rating and issued a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a research note on Tuesday, January 2nd. LADENBURG THALM/SH SH lowered their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a research report on Monday. Bank of America lowered their target price on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Finally, BMO Capital Markets upped their price target on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.71.

Insider Activity at Alliant Energy

In other news, CEO Lisa M. Barton purchased 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were purchased at an average price of $48.56 per share, for a total transaction of $53,416.00. Following the purchase, the chief executive officer now directly owns 36,444 shares of the company’s stock, valued at approximately $1,769,720.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by corporate insiders.

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.