RDA Financial Network Acquires 184 Shares of Alliant Energy Co. (NASDAQ:LNT)

RDA Financial Network boosted its holdings in Alliant Energy Co. (NASDAQ:LNT) by 2.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,990 shares of the company’s stock after buying an additional 184 shares during the quarter. RDA Financial Network’s holdings in Alliant Energy were worth $473,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LNT. Hennessy Advisors Inc. boosted its holdings in shares of Alliant Energy by 1.0% in the 4th quarter. Hennessy Advisors Inc. now owns 31,450 shares of the company’s stock worth $1,860,000 after purchasing an additional 300 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Alliant Energy by 13.8% during the 4th quarter. Ritholtz Wealth Management now owns 4,805 shares of the company’s stock valued at $284,000 after purchasing an additional 581 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Alliant Energy by 5.6% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 28,357 shares of the company’s stock valued at $1,677,000 after purchasing an additional 1,495 shares during the last quarter. USA Financial Formulas purchased a new stake in Alliant Energy in the 4th quarter worth approximately $1,145,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Alliant Energy in the 4th quarter worth approximately $257,000. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Alliant Energy stock opened at $60.07 on Friday. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $15.41 billion, a P/E ratio of 23.28, a PEG ratio of 2.65 and a beta of 0.60. The stock’s 50 day moving average is $60.15 and its 200 day moving average is $58.55.

Alliant Energy (NASDAQ:LNT) last released its earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a return on equity of 10.56% and a net margin of 16.66%. The company’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 earnings per share. On average, equities research analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

LNT has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Jefferies Financial Group initiated coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $67.00 target price for the company. Barclays reduced their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 6th. Scotiabank lowered shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and raised their price objective for the stock from $64.00 to $67.00 in a report on Thursday, December 12th. Finally, UBS Group lifted their price objective on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Six equities research 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 has an average rating of “Hold” and a consensus price target 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.