Alliant Energy Co. (NASDAQ:LNT) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in Alliant Energy Co. (NASDAQ:LNT) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,985 shares of the company’s stock after purchasing an additional 268 shares during the period. Private Advisor Group LLC’s holdings in Alliant Energy were worth $661,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC raised its position in Alliant Energy by 604.0% during the 1st quarter. Intech Investment Management LLC now owns 72,768 shares of the company’s stock worth $3,668,000 after buying an additional 62,431 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Alliant Energy by 24.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 103,499 shares of the company’s stock worth $5,309,000 after buying an additional 20,371 shares in the last quarter. Cetera Investment Advisers grew its stake in Alliant Energy by 200.8% in the 1st quarter. Cetera Investment Advisers now owns 215,821 shares of the company’s stock valued at $10,877,000 after acquiring an additional 144,077 shares during the last quarter. Cibc World Markets Corp raised its position in shares of Alliant Energy by 134.9% during the 4th quarter. Cibc World Markets Corp now owns 32,771 shares of the company’s stock worth $1,681,000 after purchasing an additional 18,822 shares during the last quarter. Finally, Forsta AP Fonden increased its position in Alliant Energy by 36.3% during the first quarter. Forsta AP Fonden now owns 70,600 shares of the company’s stock worth $3,558,000 after buying an additional 18,800 shares in the last quarter. Hedge funds and other institutional investors own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Shares of LNT stock opened at $60.31 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.48 and a debt-to-equity ratio of 1.31. The company has a market cap of $15.46 billion, a PE ratio of 21.93, a P/E/G ratio of 2.81 and a beta of 0.58. The company’s fifty day simple moving average is $56.85 and its 200-day simple moving average is $52.44. Alliant Energy Co. has a 52 week low of $45.15 and a 52 week high of $60.67.

Alliant Energy (NASDAQ:LNT) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The company had revenue of $894.00 million during the quarter, compared to analysts’ expectations of $897.03 million. During the same period last year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Alliant Energy Co. will post 3.07 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.18%. The ex-dividend date was Wednesday, July 31st. Alliant Energy’s dividend payout ratio (DPR) is 69.82%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. BMO Capital Markets increased their price objective on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday, August 6th. Scotiabank boosted their price target on Alliant Energy from $58.00 to $64.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. Barclays raised their target price on shares of Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Finally, Wells Fargo & Company upped their price objective on Alliant Energy from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $58.50.

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.