Pegasus Partners Ltd. Purchases New Shares in Alliant Energy Co. (NASDAQ:LNT)

Pegasus Partners Ltd. acquired a new position in Alliant Energy Co. (NASDAQ:LNT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,618 shares of the company’s stock, valued at approximately $220,000.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in Alliant Energy by 10.3% during the 1st quarter. Janus Henderson Group PLC now owns 10,579,475 shares of the company’s stock valued at $533,205,000 after buying an additional 984,963 shares during the period. Johnson Investment Counsel Inc. raised its stake in shares of Alliant Energy by 1.7% in the second quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock valued at $89,408,000 after acquiring an additional 29,358 shares during the period. Dimensional Fund Advisors LP lifted 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 worth $65,865,000 after acquiring an additional 116,399 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Alliant Energy by 9.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,183,765 shares of the company’s stock worth $71,839,000 after purchasing an additional 101,387 shares during the period. Finally, Anchor Capital Advisors LLC grew its holdings in Alliant Energy by 6.0% during the 2nd quarter. Anchor Capital Advisors LLC now owns 964,337 shares of the company’s stock valued at $49,085,000 after purchasing an additional 54,510 shares during the last quarter. 79.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on LNT shares. Wells Fargo & Company decreased their price objective on shares of Alliant Energy from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Barclays reduced their target price on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Jefferies Financial Group began coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $67.00 target price for the company. Finally, UBS Group upped their price target on shares of Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $63.06.

Alliant Energy Stock Up 2.7 %

NASDAQ:LNT opened at $57.75 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.48. Alliant Energy Co. has a 1-year low of $46.80 and a 1-year high of $62.49. The company has a 50-day moving average of $59.83 and a 200 day moving average of $55.24. The firm has a market cap of $14.82 billion, a PE ratio of 22.38, a price-to-earnings-growth ratio of 2.75 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last announced its quarterly earnings results 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. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 EPS. As a group, research analysts anticipate that Alliant Energy Co. will post 3.04 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Thursday, October 31st. Alliant Energy’s payout ratio is 74.42%.

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.