Tyche Wealth Partners LLC Buys Shares of 9,107 Alliant Energy Co. (NASDAQ:LNT)

Tyche Wealth Partners LLC purchased a new position in Alliant Energy Co. (NASDAQ:LNT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,107 shares of the company’s stock, valued at approximately $467,000.

Other large investors also recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in Alliant Energy by 3.0% in the first quarter. Great West Life Assurance Co. Can now owns 117,612 shares of the company’s stock worth $7,714,000 after acquiring an additional 3,451 shares during the period. Prudential PLC bought a new position in Alliant Energy in the 1st quarter worth $427,000. National Pension Service lifted its position in Alliant Energy by 11,488.8% during the first quarter. National Pension Service now owns 371,883 shares of the company’s stock valued at $23,235,000 after purchasing an additional 368,674 shares in the last quarter. Vanguard Group Inc. grew its holdings in Alliant Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 31,030,199 shares of the company’s stock valued at $1,938,766,000 after purchasing an additional 342,340 shares during the period. Finally, Covestor Ltd increased its position in Alliant Energy by 67.2% in the first quarter. Covestor Ltd now owns 1,988 shares of the company’s stock worth $124,000 after buying an additional 799 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Price Performance

LNT stock traded up $0.63 during mid-day trading on Wednesday, hitting $48.03. The company had a trading volume of 124,801 shares, compared to its average volume of 1,944,228. The company has a 50-day moving average price of $48.63 and a 200 day moving average price of $49.45. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $56.26. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 2.56 and a beta of 0.55. 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 issued its earnings results on Friday, February 16th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.07). The firm had revenue of $961.00 million during the quarter, compared to the consensus estimate of $1.25 billion. Alliant Energy had a return on equity of 10.85% and a net margin of 17.46%. During the same period last year, the firm posted $0.46 earnings per share. On average, research analysts anticipate that Alliant Energy Co. will post 3.07 earnings per share for the current year.

Alliant Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Monday, April 29th. Alliant Energy’s dividend payout ratio (DPR) is presently 69.06%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on LNT shares. BMO Capital Markets lifted their price objective on Alliant Energy from $51.00 to $53.00 and gave the company a “market perform” rating in a research report on Monday. Bank of America dropped 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. Finally, Barclays restated an “equal weight” rating and set a $53.00 price objective (up from $50.00) on shares of Alliant Energy in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $53.31.

Insider Buying and Selling

In other Alliant Energy news, CEO Lisa M. Barton bought 1,100 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 36,444 shares of the company’s stock, valued at $1,769,720.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by company insiders.

Alliant Energy Company 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.