4,412 Shares in Alliant Energy Co. (NASDAQ:LNT) Purchased by Royal Fund Management LLC

Royal Fund Management LLC purchased a new stake in Alliant Energy Co. (NASDAQ:LNT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,412 shares of the company’s stock, valued at approximately $226,000.

Other large investors also recently made changes to their positions in the company. Centennial Wealth Advisory LLC raised its position in shares of Alliant Energy by 3.7% during the fourth quarter. Centennial Wealth Advisory LLC now owns 5,896 shares of the company’s stock worth $302,000 after purchasing an additional 210 shares during the period. IFM Investors Pty Ltd lifted its stake in Alliant Energy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 79,165 shares of the company’s stock valued at $4,061,000 after buying an additional 233 shares in the last quarter. Lincoln National Corp lifted its stake in Alliant Energy by 5.0% during the third quarter. Lincoln National Corp now owns 5,025 shares of the company’s stock valued at $243,000 after buying an additional 238 shares in the last quarter. Ieq Capital LLC boosted its holdings in shares of Alliant Energy by 2.3% in the third quarter. Ieq Capital LLC now owns 10,573 shares of the company’s stock worth $512,000 after buying an additional 241 shares during the period. Finally, Stratos Wealth Partners LTD. increased its position in shares of Alliant Energy by 6.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 4,643 shares of the company’s stock worth $238,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of Alliant Energy stock remained flat at $50.85 during midday trading on Friday. 2,143,657 shares of the stock were exchanged, compared to its average volume of 1,648,468. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The firm has a 50 day moving average of $49.07 and a 200 day moving average of $49.57. The stock has a market capitalization of $13.02 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.54.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. Alliant Energy had a return on equity of 10.64% and a net margin of 17.53%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. As a group, equities research analysts predict that Alliant Energy Co. will post 3.08 earnings per share for the current year.

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date is Monday, April 29th. Alliant Energy’s payout ratio is 69.82%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a research note on Monday, April 15th. 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 report on Monday, April 22nd. LADENBURG THALM/SH SH decreased their price objective on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating for the company in a research report on Monday, April 29th. Finally, Bank of America reduced their price target on shares of Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $50.71.

Insider Activity

In related news, CEO Lisa M. Barton purchased 1,100 shares of the stock in a transaction on Tuesday, February 20th. The shares were purchased 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 approximately $1,769,720.64. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

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.