Elevated Capital Advisors LLC Has $799,000 Holdings in Alliant Energy Co. (NASDAQ:LNT)

Elevated Capital Advisors LLC decreased its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,515 shares of the company’s stock after selling 275 shares during the period. Elevated Capital Advisors LLC’s holdings in Alliant Energy were worth $799,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new position in Alliant Energy during the second quarter worth $42,367,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Alliant Energy by 8.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock worth $395,260,000 after acquiring an additional 512,429 shares during the last quarter. Retirement Systems of Alabama lifted its position in Alliant Energy by 698.3% in the 3rd quarter. Retirement Systems of Alabama now owns 451,477 shares of the company’s stock valued at $27,400,000 after acquiring an additional 394,920 shares in the last quarter. Weiss Asset Management LP acquired a new position in Alliant Energy during the 3rd quarter valued at about $10,705,000. Finally, Millennium Management LLC increased its holdings in Alliant Energy by 2,141.3% during the 2nd quarter. Millennium Management LLC now owns 180,402 shares of the company’s stock worth $9,182,000 after purchasing an additional 172,353 shares in the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

NASDAQ:LNT traded up $0.32 on Monday, reaching $56.98. 1,342,862 shares of the company’s stock were exchanged, compared to its average volume of 1,375,068. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 2.98 and a beta of 0.60. 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 stock has a fifty day simple moving average of $60.06 and a 200-day simple moving average of $58.45. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $64.19.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. During the same period in the previous year, the business earned $1.05 EPS. Alliant Energy’s revenue was up .4% compared to the same quarter last year. As a group, sell-side analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s payout ratio is presently 74.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LNT shares. Mizuho increased their price target on Alliant Energy from $52.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. BMO Capital Markets lowered their target price on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a report on Monday, November 4th. Wells Fargo & Company cut their price target on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Jefferies Financial Group began coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 price objective for the company. Finally, UBS Group lifted their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the stock 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 issued a buy rating to the company. According to MarketBeat, Alliant Energy currently has an average rating of “Hold” and a consensus target price of $63.39.

About Alliant Energy

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.