Alliant Energy Co. (NASDAQ:LNT) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC raised its stake in Alliant Energy Co. (NASDAQ:LNTFree Report) by 11.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 37,386 shares of the company’s stock after purchasing an additional 3,704 shares during the period. HighTower Advisors LLC’s holdings in Alliant Energy were worth $2,271,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Natixis Advisors LLC boosted its holdings in Alliant Energy by 14.7% in the third quarter. Natixis Advisors LLC now owns 196,318 shares of the company’s stock worth $11,915,000 after purchasing an additional 25,161 shares during the period. Seven Eight Capital LP bought a new position in shares of Alliant Energy in the 2nd quarter worth about $1,248,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Alliant Energy in the 3rd quarter valued at about $4,742,000. Principal Financial Group Inc. grew its position 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 buying an additional 101,387 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in 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 acquiring an additional 14,225 shares during the period. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Price Performance

Shares of NASDAQ LNT opened at $60.45 on Friday. The stock has a market cap of $15.51 billion, a P/E ratio of 23.43, a P/E/G ratio of 2.98 and a beta of 0.59. The firm’s 50-day simple moving average is $60.77 and its 200 day simple moving average is $57.18. Alliant Energy Co. has a fifty-two week low of $46.80 and a fifty-two week high of $64.19. 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 (NASDAQ:LNTGet Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.05. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $1.05 EPS. Alliant Energy’s revenue was up .4% on a year-over-year basis. Equities analysts expect that Alliant Energy Co. will post 3.04 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 3.18%. The ex-dividend date was Thursday, October 31st. Alliant Energy’s dividend payout ratio (DPR) is presently 74.42%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. BMO Capital Markets decreased their target price on Alliant Energy from $65.00 to $61.00 and set a “market perform” rating for the company in a research note on Monday, November 4th. Barclays reduced their price objective on Alliant Energy from $61.00 to $59.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. UBS Group increased their target price on Alliant Energy from $64.00 to $65.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Scotiabank downgraded shares of Alliant Energy from a “sector outperform” rating to a “sector perform” rating and boosted their price target for the company from $64.00 to $67.00 in a report on Thursday. Finally, Mizuho increased their price objective on shares of Alliant Energy from $52.00 to $61.00 and gave the stock a “neutral” rating in a report on Friday, October 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Alliant Energy has an average rating of “Hold” and a consensus price target of $63.39.

View Our Latest Research Report on LNT

Alliant Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alliant Energy (NASDAQ:LNT)

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