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

HighTower Advisors LLC boosted its holdings in shares of Alliant Energy Co. (NASDAQ:LNT) by 11.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LNT. Larson Financial Group LLC increased its stake in Alliant Energy by 7,083.3% in the 3rd quarter. Larson Financial Group LLC now owns 431 shares of the company’s stock worth $26,000 after purchasing an additional 425 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of Alliant Energy in the third quarter worth approximately $28,000. Eastern Bank purchased a new position in shares of Alliant Energy in the third quarter worth approximately $30,000. JNBA Financial Advisors acquired a new stake in shares of Alliant Energy during the third quarter valued at approximately $31,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Alliant Energy in the 2nd quarter valued at approximately $41,000. 79.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. BMO Capital Markets cut their target price on shares of Alliant Energy from $65.00 to $61.00 and set a “market perform” rating on the stock in a research note on Monday, November 4th. Scotiabank downgraded Alliant Energy from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $64.00 to $67.00 in a research note on Thursday. Bank of America lifted their target price on Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. UBS Group increased their price target 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. Finally, Mizuho boosted 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $63.39.

Alliant Energy Stock Down 0.0 %

Shares of Alliant Energy stock opened at $60.45 on Friday. The firm has a market cap of $15.51 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 2.98 and a beta of 0.59. The stock has a 50-day simple moving average of $60.77 and a 200-day simple moving average of $57.18. Alliant Energy Co. has a 52-week low of $46.80 and a 52-week high of $64.19. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.86 and a quick ratio of 0.72.

Alliant Energy (NASDAQ:LNT) last posted its earnings results 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. Alliant Energy had a net margin of 16.66% and a return on equity of 10.56%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $1.05 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts expect that Alliant Energy Co. will post 3.04 earnings per share for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.92 annualized dividend and a yield of 3.18%. Alliant Energy’s dividend payout ratio (DPR) is currently 74.42%.

Alliant Energy 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.