Yousif Capital Management LLC Grows Position in Alliant Energy Co. (NASDAQ:LNT)

Yousif Capital Management LLC raised its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 29.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,268 shares of the company’s stock after acquiring an additional 11,687 shares during the period. Yousif Capital Management LLC’s holdings in Alliant Energy were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LNT. NBC Securities Inc. bought a new stake in Alliant Energy during the third quarter worth approximately $2,977,000. Fifth Third Bancorp increased its position in shares of Alliant Energy by 9.5% during the 3rd quarter. Fifth Third Bancorp now owns 33,941 shares of the company’s stock valued at $1,644,000 after purchasing an additional 2,947 shares during the last quarter. Duality Advisers LP bought a new position in shares of Alliant Energy during the 4th quarter valued at approximately $2,656,000. Everence Capital Management Inc. raised its holdings in Alliant Energy by 239.1% during the 4th quarter. Everence Capital Management Inc. now owns 25,260 shares of the company’s stock valued at $1,296,000 after buying an additional 17,810 shares during the period. Finally, Metis Global Partners LLC lifted its position in Alliant Energy by 21.4% in the third quarter. Metis Global Partners LLC now owns 9,178 shares of the company’s stock worth $445,000 after buying an additional 1,616 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Insider Activity

In other Alliant Energy news, CEO Lisa M. Barton acquired 1,100 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was bought at an average cost of $48.56 per share, with a total value of $53,416.00. Following the completion of the purchase, the chief executive officer now directly owns 36,444 shares in the company, valued at $1,769,720.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

LNT has been the topic of a number of analyst reports. Barclays reiterated an “equal weight” rating and set a $53.00 price objective (up previously from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. Scotiabank cut their price target on shares of Alliant Energy from $57.00 to $53.00 and set a “sector outperform” rating on the stock in a report on Monday, April 22nd. 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. Bank of America dropped their target price on Alliant Energy from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, LADENBURG THALM/SH SH reduced their price target on Alliant Energy from $48.50 to $48.00 and set a “neutral” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Alliant Energy currently has a consensus rating of “Hold” and a consensus target price of $50.71.

Alliant Energy Price Performance

Alliant Energy stock opened at $49.77 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.55 and a quick ratio of 0.40. The stock has a market cap of $12.75 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The firm has a 50-day moving average of $48.93 and a two-hundred day moving average of $49.55. Alliant Energy Co. has a 1 year low of $45.15 and a 1 year high of $56.26.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.07). Alliant Energy had a net margin of 17.46% and a return on equity of 10.85%. The firm had revenue of $961.00 million during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, research analysts forecast that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s payout ratio is 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.