BKM Wealth Management LLC Makes New $219,000 Investment in Alliant Energy Co. (NASDAQ:LNT)

BKM Wealth Management LLC purchased a new position in Alliant Energy Co. (NASDAQ:LNT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,708 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors have also added to or reduced their stakes in LNT. Larson Financial Group LLC lifted its holdings in shares of Alliant Energy by 7,083.3% during the third quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 425 shares during the period. Northwest Investment Counselors LLC acquired a new stake in shares of Alliant Energy during the third quarter worth about $28,000. Eastern Bank acquired a new stake in shares of Alliant Energy during the third quarter worth about $30,000. JNBA Financial Advisors acquired a new stake in shares of Alliant Energy during the third quarter worth about $31,000. Finally, ORG Partners LLC lifted its holdings in shares of Alliant Energy by 517.0% during the fourth quarter. ORG Partners LLC now owns 617 shares of the company’s stock worth $36,000 after purchasing an additional 517 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Trading Up 0.6 %

Shares of LNT stock opened at $61.67 on Wednesday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72. The company has a market cap of $15.82 billion, a price-to-earnings ratio of 23.90, a PEG ratio of 2.82 and a beta of 0.60. The stock has a 50 day simple moving average of $59.34 and a 200-day simple moving average of $59.57. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $64.19.

Alliant Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st were paid a dividend of $0.5075 per share. This represents a $2.03 annualized dividend and a dividend yield of 3.29%. This is an increase from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio is presently 78.68%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and lifted their target price for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. BMO Capital Markets decreased their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Barclays decreased their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their price target on Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $63.39.

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.