5,288 Shares in Alliant Energy Co. (NASDAQ:LNT) Purchased by Cowa LLC

Cowa LLC purchased a new stake in Alliant Energy Co. (NASDAQ:LNT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,288 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gilbert & Cook Inc. grew its stake in shares of Alliant Energy by 5.6% during the 4th quarter. Gilbert & Cook Inc. now owns 6,097 shares of the company’s stock valued at $313,000 after buying an additional 323 shares during the period. Dimensional Fund Advisors LP grew its position in Alliant Energy by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 899,638 shares of the company’s stock valued at $46,152,000 after acquiring an additional 9,578 shares during the period. PNC Financial Services Group Inc. increased its stake in Alliant Energy by 24.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 103,499 shares of the company’s stock worth $5,309,000 after acquiring an additional 20,371 shares during the last quarter. UBS Group AG raised its holdings in shares of Alliant Energy by 23.9% in the 4th quarter. UBS Group AG now owns 797,558 shares of the company’s stock worth $40,915,000 after purchasing an additional 153,963 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in shares of Alliant Energy by 13.5% in the 4th quarter. Wells Fargo & Company MN now owns 596,395 shares of the company’s stock valued at $30,595,000 after purchasing an additional 71,140 shares in the last quarter. Institutional investors and hedge funds own 79.90% of the company’s stock.

Alliant Energy Stock Performance

Alliant Energy stock opened at $59.75 on Friday. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58. Alliant Energy Co. has a 12-month low of $45.15 and a 12-month high of $60.67. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.65 and a quick ratio of 0.48. The firm’s fifty day moving average price is $57.02 and its 200 day moving average price is $52.49.

Alliant Energy (NASDAQ:LNT) last announced its earnings results on Thursday, August 1st. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). The business had revenue of $894.00 million during the quarter, compared to analyst estimates of $897.03 million. Alliant Energy had a net margin of 15.77% and a return on equity of 10.23%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. On average, research analysts forecast that Alliant Energy Co. will post 3.07 EPS for the current fiscal year.

Alliant Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.21%. The ex-dividend date was Wednesday, July 31st. Alliant Energy’s payout ratio is currently 69.82%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a report on Tuesday, August 6th. Wells Fargo & Company raised their target price on shares of Alliant Energy from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Bank of America lifted their target price on shares of Alliant Energy from $62.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Scotiabank increased 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. Finally, Barclays boosted their price objective on Alliant Energy from $52.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Alliant Energy currently has an average rating of “Hold” and an average target price of $59.56.

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.