Boothbay Fund Management LLC Buys New Stake in Alliant Energy Corporation $LNT

Boothbay Fund Management LLC purchased a new stake in Alliant Energy Corporation (NASDAQ:LNT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,429 shares of the company’s stock, valued at approximately $2,321,000.

Other institutional investors also recently bought and sold shares of the company. Carnegie Investment Counsel lifted its position in shares of Alliant Energy by 4.1% during the 3rd quarter. Carnegie Investment Counsel now owns 622,821 shares of the company’s stock worth $41,984,000 after buying an additional 24,482 shares during the last quarter. Liberty One Investment Management LLC boosted its holdings in shares of Alliant Energy by 91.7% in the 3rd quarter. Liberty One Investment Management LLC now owns 984,790 shares of the company’s stock valued at $66,389,000 after buying an additional 470,967 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Alliant Energy in the 3rd quarter valued at $4,015,000. AlphaQuest LLC acquired a new stake in Alliant Energy during the 3rd quarter worth $1,314,000. Finally, Y Intercept Hong Kong Ltd raised its stake in Alliant Energy by 108.9% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 47,101 shares of the company’s stock worth $3,175,000 after acquiring an additional 24,549 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on LNT. Jefferies Financial Group restated a “buy” rating and issued a $78.00 price objective on shares of Alliant Energy in a research note on Monday, November 24th. Wall Street Zen cut Alliant Energy from a “hold” rating to a “sell” rating in a research report on Sunday, March 1st. HSBC raised Alliant Energy from a “hold” rating to a “buy” rating in a report on Wednesday, January 21st. Wolfe Research restated an “outperform” rating and set a $76.00 price target on shares of Alliant Energy in a research note on Monday, December 1st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $75.00 price target on shares of Alliant Energy in a research report on Sunday, February 22nd. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $75.44.

Alliant Energy Trading Up 0.3%

Shares of Alliant Energy stock opened at $73.03 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.66 and a current ratio of 0.80. The company has a market capitalization of $18.78 billion, a P/E ratio of 23.18, a PEG ratio of 2.98 and a beta of 0.66. Alliant Energy Corporation has a 1 year low of $57.09 and a 1 year high of $73.41. The company’s fifty day moving average is $68.79 and its two-hundred day moving average is $67.24.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Friday, February 20th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. Alliant Energy had a net margin of 18.57% and a return on equity of 11.51%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $673.11 million. During the same period in the prior year, the company earned $0.70 earnings per share. The business’s revenue was up 9.0% compared to the same quarter last year. Analysts forecast that Alliant Energy Corporation will post 3.23 earnings per share for the current year.

Alliant Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 17th. Shareholders of record on Friday, January 30th were paid a dividend of $0.535 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $2.14 annualized dividend and a yield of 2.9%. This is a boost from Alliant Energy’s previous quarterly dividend of $0.51. Alliant Energy’s dividend payout ratio (DPR) is currently 67.94%.

Alliant Energy Company Profile

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.