Elevated Capital Advisors LLC Sells 472 Shares of Alliant Energy Co. (NASDAQ:LNT)

Elevated Capital Advisors LLC trimmed its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,790 shares of the company’s stock after selling 472 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Alliant Energy were worth $837,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC boosted its stake in shares of Alliant Energy by 604.0% in the 1st quarter. Intech Investment Management LLC now owns 72,768 shares of the company’s stock valued at $3,668,000 after purchasing an additional 62,431 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Alliant Energy by 200.8% during the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock valued at $10,877,000 after acquiring an additional 144,077 shares during the period. Forsta AP Fonden lifted its position in shares of Alliant Energy by 36.3% during the 1st quarter. Forsta AP Fonden now owns 70,600 shares of the company’s stock valued at $3,558,000 after acquiring an additional 18,800 shares during the period. FORA Capital LLC acquired a new position in shares of Alliant Energy during the 1st quarter valued at $2,199,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Alliant Energy by 105.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 33,166 shares of the company’s stock valued at $1,672,000 after acquiring an additional 17,030 shares during the period. 79.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Jefferies Financial Group assumed 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. UBS Group boosted their target price on shares of Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Mizuho boosted their target price on shares of 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 boosted their target price on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company upped their price objective on shares of Alliant Energy from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Alliant Energy currently has an average rating of “Hold” and an average price target of $63.28.

Alliant Energy Stock Down 0.5 %

LNT opened at $61.04 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The company’s 50-day moving average is $59.43 and its 200 day moving average is $54.44. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $62.49. The firm has a market capitalization of $15.65 billion, a P/E ratio of 22.20, a PEG ratio of 2.98 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The firm had revenue of $894.00 million for the quarter, compared to the consensus estimate of $897.03 million. During the same period in the previous year, the business earned $0.64 earnings per share. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Research analysts expect that Alliant Energy Co. will post 3.05 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Thursday, October 31st. Alliant Energy’s payout ratio is currently 69.82%.

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.