Vanguard Personalized Indexing Management LLC Buys 3,164 Shares of Alliant Energy Co. (NASDAQ:LNT)

Vanguard Personalized Indexing Management LLC grew its stake in shares of Alliant Energy Co. (NASDAQ:LNT) by 20.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,346 shares of the company’s stock after buying an additional 3,164 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Alliant Energy were worth $921,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. City State Bank raised its stake in Alliant Energy by 0.3% during the 2nd quarter. City State Bank now owns 71,147 shares of the company’s stock worth $3,621,000 after buying an additional 195 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Alliant Energy by 0.9% during the second quarter. Oregon Public Employees Retirement Fund now owns 21,979 shares of the company’s stock worth $1,119,000 after purchasing an additional 200 shares during the period. Retirement Systems of Alabama lifted its holdings in shares of Alliant Energy by 0.4% during the 2nd quarter. Retirement Systems of Alabama now owns 56,557 shares of the company’s stock valued at $2,879,000 after purchasing an additional 236 shares in the last quarter. Arizona State Retirement System grew its position in shares of Alliant Energy by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 70,426 shares of the company’s stock valued at $3,585,000 after purchasing an additional 239 shares during the period. Finally, Goldstein Advisors LLC increased its stake in Alliant Energy by 1.1% during the 4th quarter. Goldstein Advisors LLC now owns 22,093 shares of the company’s stock worth $1,133,000 after purchasing an additional 240 shares in the last quarter. 79.90% of the stock is currently owned by institutional investors and hedge funds.

Alliant Energy Stock Up 1.1 %

NASDAQ:LNT opened at $60.35 on Tuesday. Alliant Energy Co. has a twelve month low of $45.15 and a twelve month high of $60.67. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.89 and a beta of 0.58. The company has a quick ratio of 0.48, a current ratio of 0.65 and a debt-to-equity ratio of 1.31. The stock’s 50 day moving average price is $57.40 and its two-hundred day moving average price is $52.75.

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

Alliant Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend was Wednesday, July 31st. Alliant Energy’s dividend payout ratio is 69.82%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LNT. Bank of America upped their price target 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. LADENBURG THALM/SH SH upgraded Alliant Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $50.00 to $62.50 in a report on Tuesday, August 13th. UBS Group lifted their price target on Alliant Energy from $64.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday. Jefferies Financial Group assumed coverage on Alliant Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $67.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on Alliant Energy from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $60.17.

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.