Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Independent Advisor Alliance

Independent Advisor Alliance reduced its position in Alliant Energy Co. (NASDAQ:LNT) by 8.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,137 shares of the company’s stock after selling 803 shares during the quarter. Independent Advisor Alliance’s holdings in Alliant Energy were worth $555,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its stake in shares of Alliant Energy by 8.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after buying an additional 512,429 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Alliant Energy by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,216,475 shares of the company’s stock worth $134,518,000 after purchasing an additional 14,225 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of Alliant Energy by 1.7% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after purchasing an additional 29,358 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Alliant Energy by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,293,966 shares of the company’s stock valued at $65,865,000 after purchasing an additional 116,399 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Alliant Energy by 9.4% in the third quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock valued at $71,839,000 after purchasing an additional 101,387 shares during the period. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ LNT opened at $63.59 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $16.32 billion, a PE ratio of 24.65, a price-to-earnings-growth ratio of 3.15 and a beta of 0.58. The business’s 50-day moving average price is $60.47 and its 200 day moving average price is $56.36. Alliant Energy Co. has a twelve month low of $46.80 and a twelve month high of $64.19.

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

Alliant Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, October 31st. This represents a $1.92 annualized dividend and a dividend yield of 3.02%. Alliant Energy’s dividend payout ratio is presently 74.42%.

Analysts Set New Price Targets

Several brokerages have weighed in on LNT. Jefferies Financial Group started coverage on shares of Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 target price on the stock. Barclays dropped their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 6th. UBS Group boosted their target price on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Mizuho lifted their price target on Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.06.

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.