Captrust Financial Advisors Raises Position in Alliant Energy Co. (NASDAQ:LNT)

Captrust Financial Advisors grew its position in shares of Alliant Energy Co. (NASDAQ:LNT) by 53.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,127 shares of the company’s stock after buying an additional 4,226 shares during the quarter. Captrust Financial Advisors’ holdings in Alliant Energy were worth $736,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LNT. Massachusetts Financial Services Co. MA boosted its stake in Alliant Energy by 8.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,512,770 shares of the company’s stock valued at $395,260,000 after purchasing an additional 512,429 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 valued at $134,518,000 after buying an additional 14,225 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in Alliant Energy by 1.7% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,756,533 shares of the company’s stock worth $89,408,000 after buying an additional 29,358 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Alliant Energy by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,293,966 shares of the company’s stock valued at $65,865,000 after acquiring an additional 116,399 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings 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 valued at $71,839,000 after acquiring an additional 101,387 shares during the last quarter. Institutional investors own 79.90% of the company’s stock.

Alliant Energy Trading Down 0.3 %

Shares of NASDAQ:LNT opened at $60.70 on Wednesday. The stock has a 50 day moving average of $60.77 and a 200 day moving average of $56.98. The company has a market cap of $15.58 billion, a PE ratio of 23.61, a price-to-earnings-growth ratio of 3.02 and a beta of 0.59. Alliant Energy Co. has a 12-month low of $46.80 and a 12-month high of $64.19. 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 (NASDAQ:LNT) last posted its quarterly earnings results on Thursday, October 31st. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. As a group, equities research analysts expect that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Thursday, October 31st. Alliant Energy’s dividend payout ratio is currently 74.42%.

Wall Street Analysts Forecast Growth

LNT has been the subject of several research reports. Barclays decreased their price objective on shares of Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Jefferies Financial Group started coverage on Alliant Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $67.00 price target on the stock. BMO Capital Markets reduced their price objective 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. LADENBURG THALM/SH SH raised Alliant Energy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $50.00 to $62.50 in a research report on Tuesday, August 13th. Finally, Bank of America upped their price target on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $63.06.

About Alliant Energy

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.