Charles Schwab Investment Management Inc. Buys 14,225 Shares of Alliant Energy Co. (NASDAQ:LNT)

Charles Schwab Investment Management Inc. grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,216,475 shares of the company’s stock after buying an additional 14,225 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Alliant Energy were worth $134,518,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massmutual Trust Co. FSB ADV lifted its stake in Alliant Energy by 7.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,605 shares of the company’s stock worth $158,000 after purchasing an additional 174 shares in the last quarter. Empirical Finance LLC boosted its stake in Alliant Energy by 2.2% during the third quarter. Empirical Finance LLC now owns 8,637 shares of the company’s stock valued at $524,000 after buying an additional 189 shares during the period. City State Bank grew its position in Alliant Energy by 0.3% during the second quarter. City State Bank now owns 71,147 shares of the company’s stock worth $3,621,000 after buying an additional 195 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Alliant Energy by 0.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after acquiring an additional 200 shares during the last quarter. Finally, Retirement Systems of Alabama raised its holdings in shares of Alliant Energy by 0.4% in the 2nd quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock valued at $2,879,000 after acquiring an additional 236 shares in the last quarter. 79.90% of the stock is owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

NASDAQ:LNT opened at $63.32 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.72 and a current ratio of 0.86. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $63.63. The business has a 50 day moving average price of $60.29 and a 200-day moving average price of $56.14. The firm has a market cap of $16.25 billion, a PE ratio of 24.54, a price-to-earnings-growth ratio of 3.13 and a beta of 0.58.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.05. The firm had revenue of $1.08 billion for 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 for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 earnings per share. Equities research analysts predict that Alliant Energy Co. will post 3.04 earnings per share for the current year.

Alliant Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNT shares. Jefferies Financial Group assumed coverage on Alliant Energy in a report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Mizuho raised their price objective 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. UBS Group upped 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. Barclays dropped their price target 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. Finally, LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $50.00 to $62.50 in a report on Tuesday, August 13th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.