Alliant Energy Co. (NASDAQ:LNT) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Alliant Energy Co. (NASDAQ:LNTGet Rating) by 0.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,160 shares of the company’s stock after selling 365 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Alliant Energy were worth $4,036,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LNT. State Street Corp increased its stake in shares of Alliant Energy by 8.1% during the 1st quarter. State Street Corp now owns 13,692,321 shares of the company’s stock valued at $855,496,000 after acquiring an additional 1,021,148 shares during the last quarter. ExodusPoint Capital Management LP increased its position in Alliant Energy by 99.9% during the 2nd quarter. ExodusPoint Capital Management LP now owns 994,168 shares of the company’s stock worth $58,268,000 after purchasing an additional 496,851 shares in the last quarter. Natixis increased its position in Alliant Energy by 583.7% during the 2nd quarter. Natixis now owns 516,966 shares of the company’s stock worth $30,284,000 after purchasing an additional 441,353 shares in the last quarter. Millennium Management LLC increased its position in Alliant Energy by 431.9% during the 2nd quarter. Millennium Management LLC now owns 521,857 shares of the company’s stock worth $30,586,000 after purchasing an additional 423,754 shares in the last quarter. Finally, National Pension Service increased its position in Alliant Energy by 11,488.8% during the 1st quarter. National Pension Service now owns 371,883 shares of the company’s stock worth $23,235,000 after purchasing an additional 368,674 shares in the last quarter. Institutional investors and hedge funds own 75.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their target price on shares of Alliant Energy from $53.00 to $55.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 9th. UBS Group increased their target price on shares of Alliant Energy to $58.00 in a research report on Monday, November 21st. StockNews.com started coverage on shares of Alliant Energy in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Mizuho cut Alliant Energy from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $64.00 to $55.00 in a report on Monday. Finally, Wells Fargo & Company upped their price target on Alliant Energy from $57.00 to $63.00 in a report on Wednesday, December 14th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.00.

Alliant Energy Stock Performance

Shares of LNT opened at $55.80 on Friday. The business’s fifty day moving average price is $55.01 and its 200 day moving average price is $56.28. Alliant Energy Co. has a 12-month low of $47.19 and a 12-month high of $65.37. The stock has a market capitalization of $14.01 billion, a PE ratio of 21.06, a price-to-earnings-growth ratio of 3.23 and a beta of 0.52. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.58.

Alliant Energy (NASDAQ:LNTGet Rating) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.93 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.11). Alliant Energy had a return on equity of 11.12% and a net margin of 16.52%. The firm had revenue of $1.14 billion for the quarter. Equities research analysts forecast that Alliant Energy Co. will post 2.79 EPS for the current year.

Alliant Energy Profile

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Alliant Energy Corporation operates as a utility holding company that provides regulated electricity and natural gas services. It operates through 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.

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

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