Livforsakringsbolaget Skandia Omsesidigt Invests $43,000 in Alliant Energy Co. (NASDAQ:LNT)

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 833 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Daiwa Securities Group Inc. increased its holdings in Alliant Energy by 23.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 43,240 shares of the company’s stock valued at $2,218,000 after purchasing an additional 8,285 shares during the period. KLCM Advisors Inc. increased its holdings in Alliant Energy by 22.7% in the fourth quarter. KLCM Advisors Inc. now owns 9,263 shares of the company’s stock valued at $475,000 after purchasing an additional 1,715 shares during the period. Tyche Wealth Partners LLC acquired a new stake in Alliant Energy in the fourth quarter valued at $467,000. Everence Capital Management Inc. increased its holdings in Alliant Energy by 239.1% in the fourth quarter. Everence Capital Management Inc. now owns 25,260 shares of the company’s stock valued at $1,296,000 after purchasing an additional 17,810 shares during the period. Finally, CTC Alternative Strategies Ltd. acquired a new stake in Alliant Energy in the fourth quarter valued at $1,211,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Lisa M. Barton purchased 1,100 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was bought 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 in the company, 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. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LNT shares. BMO Capital Markets increased their price target on Alliant Energy from $51.00 to $53.00 and gave the stock a “market perform” rating in a report on Monday, April 15th. Bank of America decreased their price target on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Finally, Barclays reiterated an “equal weight” rating and set a $53.00 price target (up from $50.00) on shares of Alliant Energy in a report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Alliant Energy has an average rating of “Hold” and a consensus target price of $52.21.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $49.82 on Friday. Alliant Energy Co. has a fifty-two week low of $45.15 and a fifty-two week high of $56.26. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.66 and a beta of 0.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.40 and a current ratio of 0.55. The firm’s 50-day simple moving average is $48.71 and its 200 day simple moving average is $49.48.

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

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, April 29th. This represents a $1.92 annualized dividend and a dividend yield of 3.85%. Alliant Energy’s dividend payout ratio is currently 69.06%.

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.