Advisor OS LLC Has $901,000 Stake in Alliant Energy Co. (NASDAQ:LNT)

Advisor OS LLC grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 16.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,239 shares of the company’s stock after acquiring an additional 2,149 shares during the quarter. Advisor OS LLC’s holdings in Alliant Energy were worth $901,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Natixis Advisors LLC raised its stake in Alliant Energy by 14.7% during the 3rd quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock worth $11,915,000 after buying an additional 25,161 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Alliant Energy in the third quarter worth about $4,742,000. Principal Financial Group Inc. raised its position in shares of Alliant Energy by 9.4% during the third 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. Charles Schwab Investment Management Inc. raised its position in shares of Alliant Energy by 0.6% during the third 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 during the period. Finally, Park Avenue Securities LLC bought a new position in shares of Alliant Energy during the 4th quarter valued at about $257,000. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Scotiabank cut Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $64.00 to $67.00 in a research note on Thursday, December 12th. Wells Fargo & Company lowered 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 report on Monday, November 4th. Guggenheim reiterated a “neutral” rating and issued a $57.00 target price on shares of Alliant Energy in a research note on Monday. Barclays reduced their price target on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Finally, BMO Capital Markets upped their price objective on Alliant Energy from $60.00 to $66.00 and gave the company a “market perform” rating in a research note on Monday. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $63.25.

Alliant Energy Price Performance

Alliant Energy stock opened at $63.98 on Thursday. The company has a market capitalization of $16.42 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.83 and a beta of 0.60. The company has a current ratio of 0.86, a quick ratio of 0.72 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 12 month low of $46.80 and a 12 month high of $64.19. The stock’s 50 day moving average is $59.72 and its 200-day moving average is $59.85.

Alliant Energy (NASDAQ:LNT) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Alliant Energy had a return on equity of 11.39% and a net margin of 17.33%. The firm had revenue of $976.00 million for the quarter, compared to analyst estimates of $1.14 billion. Equities research analysts expect that Alliant Energy Co. will post 3.23 EPS for the current year.

Alliant Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 18th. Investors of record on Friday, January 31st were given a dividend of $0.5075 per share. This represents a $2.03 dividend on an annualized basis and a yield of 3.17%. This is a positive change from Alliant Energy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, January 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 75.46%.

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.