Empowered Funds LLC Purchases 424 Shares of Alliant Energy Co. (NASDAQ:LNT)

Empowered Funds LLC increased its holdings in Alliant Energy Co. (NASDAQ:LNT) by 9.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,867 shares of the company’s stock after acquiring an additional 424 shares during the quarter. Empowered Funds LLC’s holdings in Alliant Energy were worth $295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNT. Cetera Investment Advisers lifted its position in shares of Alliant Energy by 200.8% in the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock worth $10,877,000 after purchasing an additional 144,077 shares during the period. Cetera Advisors LLC raised its stake in Alliant Energy by 168.5% in the first quarter. Cetera Advisors LLC now owns 51,259 shares of the company’s stock worth $2,583,000 after buying an additional 32,166 shares in the last quarter. Seven Eight Capital LP bought a new position in Alliant Energy in the second quarter worth approximately $1,248,000. Principal Financial Group Inc. lifted its holdings in 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 buying an additional 101,387 shares during the period. Finally, Alpha Omega Wealth Management LLC boosted its position in Alliant Energy by 15.5% during the 2nd quarter. Alpha Omega Wealth Management LLC now owns 63,370 shares of the company’s stock valued at $3,226,000 after acquiring an additional 8,505 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors.

Alliant Energy Stock Up 0.5 %

LNT stock opened at $63.63 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.86 and a debt-to-equity ratio of 1.33. Alliant Energy Co. has a 52 week low of $46.80 and a 52 week high of $64.19. The stock has a market capitalization of $16.33 billion, a PE ratio of 24.66, a price-to-earnings-growth ratio of 3.13 and a beta of 0.58. The firm has a 50 day moving average of $60.35 and a 200 day moving average of $56.22.

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

Alliant Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s dividend payout ratio is presently 74.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LNT shares. BMO Capital Markets reduced their price target on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Scotiabank boosted their target price on shares of Alliant Energy from $58.00 to $64.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Barclays lowered their price target on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Jefferies Financial Group assumed coverage on shares of Alliant Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded shares of Alliant Energy from a “neutral” rating to a “buy” rating and raised their target price for the company from $50.00 to $62.50 in a research note on Tuesday, August 13th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.